Lumentum stock price drops as rally cools — here’s what traders watch next
Lumentum shares fell 2.4% to $563.33 Tuesday morning after a strong prior session, swinging between $531 and $579 as major indexes edged up. The drop follows a recent rally tied to AI and cloud data-center spending. Last week, Lumentum reported Q2 revenue of $665.5 million and forecast Q3 revenue up to $830 million. Management will appear at tech conferences on Feb. 26 and March 2.