New York, January 30, 2026, 18:17 ET — After-hours
- Lumentum shares closed up 2.7% at $391.84 after a volatile session.
- Morgan Stanley lifted its price target to $350 and kept an Equal Weight rating.
- Next catalysts: Feb. 3 quarterly results; March 17 investor briefing at an industry conference.
Lumentum Holdings shares closed up 2.7% at $391.84 on Nasdaq on Friday, after touching $448 at the session high. The stock was up about 0.8% in after-hours trading at $395.02. (StockAnalysis)
The move matters because the company reports fiscal second-quarter results next week, a print that could set the tone for the stock into February after a sharp run and choppy trading. Lumentum said it will release results after the market closes on Feb. 3 and hold a webcast at 5 p.m. ET. (Lumentum Investor Relations)
Ahead of that report, TheFly said Morgan Stanley raised its price target on Lumentum to $350 from $304 and kept an Equal Weight rating, flagging margins as a key unknown even as demand stays strong. The company also said this week it will host an investor briefing during the Optical Fiber Communication Conference and Exhibition in Los Angeles on March 17 at the JW Marriott Los Angeles L.A. LIVE. (TipRanks)
The setup is still tied to data-center optics. “With our broad optical portfolio, we are well positioned to support the rapid expansion of AI compute,” Michael Hurlston said in the company’s last quarterly release from San Jose. In that report, Lumentum guided for fiscal second-quarter revenue of $630 million to $670 million and non-GAAP earnings per share of $1.30 to $1.50; non-GAAP figures exclude certain costs such as stock-based compensation. (Lumentum Investor Relations)
Lumentum sits in a crowded lane where investors have been quick to re-price anything linked to high-speed data-center buildouts. Peers such as Coherent Corp, Ciena Corp and Marvell Technology have also been pulled into the trade at different points, even when the near-term numbers do not move in lockstep.
For next week, traders will zero in on what management says about mix and profitability: how fast components tied to cloud and data-center interconnect are growing, and whether systems demand stabilizes. Margins will get a hard look because small changes in pricing or factory output can swing results quickly.
Investors will also listen for commentary on newer product lines such as optical circuit switches and co-packaged optics — technology aimed at moving more data with less power by bringing optics closer to the compute.
But the downside is simple: expectations are now high, and the stock has shown it can move hard in both directions. Any shortfall on earnings, a softer outlook, or hints that big customers are digesting inventory could knock the shares lower, especially if liquidity thins outside regular trading hours.
Next up is the Feb. 3 earnings release after the close and the conference call that follows. After that, investors have the March 17 investor briefing circled as another checkpoint for guidance and product roadmap detail.
