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This Incredibly Cheap Artificial Intelligence (AI) Stock Could Jump 8% as per Wall Street Analysts, But Don't Be Surprised to See It Soar Higher
LITELumentum(LITE) The Motley Fool·2025-05-15 08:45

Let's see what's driving Lumentum's growth, and why it may be a good idea to buy this tech stock hand over fist right now. Lumentum's growth is set to accelerate remarkably Lumentum's fiscal Q3 revenue increased 16% year over year to 425million,whileitsnonGAAPnetincomenearlydoubledyearoveryearto425 million, while its non-GAAP net income nearly doubled year over year to 0.57 per share. The company's cloud and networking business played a key role in driving this solid growth as it accounted for 86% of the company's top line. Lumentum's non-GAAP operating margin shot ...