Lumentum Holdings (LITE) Climbs 19% on Strong Earnings, Bullish Rating

Lumentum Holdings soared by 19.12 percent week-on-week, arsenic investors gobbled up shares pursuing an improved net show successful the archetypal 4th of fiscal twelvemonth 2026 alongside an analyst’s bullish sum for its stock.

During the period, Lumentum Holdings Inc. (NASDAQ:LITE) swung to a nett income of $4.2 cardinal from a $82.4 cardinal nett nonaccomplishment successful the aforesaid play past year. Net revenues jumped by 58.4 percent to $533.8 cardinal from $336.9 cardinal year-on-year.

“Our first-quarter results and guardant guidance underscore our beardown momentum crossed information center, information halfway interconnect, and long-haul markets,” said Lumentum Holdings Inc. (NASDAQ:LITE) President and CEO Michael Hurlston.

Encouraged by the results, the institution further raised its nett gross outlook for the 2nd 4th to a scope of $630 cardinal to $670 million, with diluted net per stock of $1.30 to $1.50.

In different news, Lumentum Holdings Inc. (NASDAQ:LITE) received a 60 percent terms people upgrade from Wolfe Research, alongside an “outperform” rating, connected expectations that its indium phosphide laser solutions would highly payment from the accelerated improvement of the artificial quality industry.

While we admit the imaginable of LITE arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.