Lumentum (LITE) Stock Rebounds on Dec. 15 After AI Sell-Off: Today’s News, Analyst Targets, and What’s Next
Lumentum shares rose 3.7% to $336 in late morning trading Monday, rebounding after a 12.8% drop Friday that followed turbulence in the broader AI sector. The stock swung between $325 and $348 after being among premarket leaders. Last quarter, Lumentum reported $533.8 million in revenue and $1.10 non-GAAP EPS. Management cited strong demand in data center and optical markets.