Lumentum Stock (LITE) Heads Into Year-End Stretch Near $391: AI Optics Momentum, Fresh Wall Street Targets, and What to Watch Next
Lumentum Holdings shares closed at $390.77, down 1.3% Friday, as U.S. markets saw light post-holiday trading. The stock is up over 370% year-to-date, driven by strong demand for its optical components in AI data centers and a fiscal Q1 report showing $533.8 million in revenue and $1.10 non-GAAP EPS. Management guided Q2 revenue to $630–$670 million.