Lumentum Set For Growth: Analysts See Strong Recovery Ahead With AI And Telecom Momentum

Lumentum Holdings Inc. LITE shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock. On Wednesday, the company reported net revenue of $308.3 million, beating the consensus of $300.8 million, and adjusted EPS of $0.06, which surpassed the street view of $0.03. Lumentum expects first-quarter net revenue of $315 million – $335 million (vs. consensus of $312.57 million), adjusted operating margin of 0% – 3%, and adjusted EPS of $0.07 ...