247Wallst·2026-03-09 15:48Core Insights - Lumentum, Coherent, EchoStar, and Vertiv were added to the S&P 500 index, with Lumentum experiencing the most significant gains of over 10% on its first trading day as a member [1] - The S&P 500 index itself is under pressure, down 0.53% as of the morning session, but newly added stocks are showing strong returns [1] Company Summaries - Lumentum (LITE): Shares rose 10.4% to around $611, with an intraday high of $628.70. The company reported Q2 FY26 revenue of $665.5 million, up 65.5% year-over-year, and non-GAAP EPS of $1.67, beating estimates by 18%. Forward guidance for Q3 revenue is $780 million to $830 million, indicating over 85% year-over-year growth. The consensus analyst target price is $655.55, with 14 Buy ratings and 4 Strong Buys [1] - Vertiv (VRT): Shares increased by 7.5% to around $259, reaching an intraday high of $262.01. The company reported Q4 FY25 organic orders up 252% year-over-year, with a backlog of $15.0 billion, up 109% year-over-year. Full-year 2026 guidance projects net sales of $13.25 billion to $13.75 billion and adjusted EPS of $5.97 to $6.07, representing 42%-45% growth compared to 2025 [1] - Coherent (COHR): Shares rose 2.6% to around $241. The company reported Q2 FY26 revenue of $1.686 billion, up 17.5% year-over-year, with its Datacenter and Communications segment growing 34% to $1.208 billion, accounting for 72% of total revenue [1] - EchoStar (SATS): Shares increased modestly by 1.4% to around $107.86. The company provides broadband satellite technologies and internet services but has a negative trailing EPS and has seen a slight decline in quarterly revenue year-over-year. The analyst consensus target price is $129.17, suggesting potential upside from current levels [1]