Lumentum stock drops 4% even as Citi, Stifel boost targets ahead of earnings
New York, January 23, 2026, 20:45 (EST) — Market closed Lumentum Holdings Inc (LITE.O) shares dropped 4.4% on Friday to $339.19, ending a brief rally and leaving the optical components maker behind the wider tech sector heading into the weekend. The pullback is significant since Lumentum now acts as a high-beta proxy for spending on faster connections within AI data…