Lumentum Rises 99% in a Month: Are the Shares Still a Buy?

Key Takeaways Lumentum shares surged 98.5% in a month, beating the sector and peers. LITE faces tight laser supply but has backlog over $400M and new CPO orders into 2027. Lumentum guides Q3 FY26 revenues of $780-$830M and 30-31% operating margin. Lumentum Holdings (LITE) shares have surged 98.5% over the past month, outperforming the Zacks Computer and Technology sector’s drop of 2.9% and the Zacks Communications Components industry’s surge of 52.3%. The stock has outperformed competitors including Coheren ...