NEW YORK, Jan 28, 2026, 16:03 EST — Post-market
- Lumentum shares climbed further on Wednesday, extending Tuesday’s strong rebound.
- The company scheduled an investor briefing for March 17 at the OFC 2026 conference in Los Angeles.
- A new 2x leveraged ETF linked to Lumentum started trading this week just before earnings.
Lumentum Holdings Inc shares ended Wednesday 3.9% higher at $385, hitting an intraday peak of $394.83. The stock has surged nearly 16% over the past two sessions. Trading volume reached around 4.0 million shares, building on Tuesday’s 11.5% jump on about 3.6 million shares. (Investing)
Lumentum’s recent action is significant since it’s turned into a quick barometer for cloud networking investments and the optical components powering data centers, especially those handling AI and machine learning tasks. The Nasdaq edged up slightly, and the S&P 500 barely moved, so individual stock news largely drove the market. (Reuters)
On Wednesday, the San Jose, California-based firm announced that management will hold an investor briefing at the Optical Fiber Communication Conference and Exhibition (OFC) in Los Angeles. The event is set for March 17, running from 10:15 a.m. to 11:45 a.m. PT. A webcast replay and presentation deck will be available afterward, the company said. (Business Wire)
OFC is a staple on the optics calendar, with traders using it to gauge updates on product rollouts and demand from major network clients. This year’s briefing arrives as investors seek clarity on whether the surge in AI-driven infrastructure spending is driving more consistent orders and healthier margins.
Tradr ETFs rolled out a new single-stock leveraged fund on Tuesday, targeting Lumentum with the Tradr 2X Long LITE Daily ETF. The fund aims to mirror twice the daily move of Lumentum stock, resetting every day. Matt Markiewicz from Tradr described the recent surge in single-stock ETFs as “one of the U.S. market’s brightest yet surprising stories,” but he cautioned that leveraged ETFs can amplify losses and are designed for short-term trades. (PR Newswire)
The optics tape showed a mix of moves. Some neighboring stocks jumped sharply, while others fell, underscoring that “AI infrastructure” isn’t a single play and that sentiment can pivot fast.
Next on the calendar: earnings. Lumentum plans to release its fiscal second-quarter figures on Feb. 3, right after the market closes. There’s a webcast set for 5 p.m. ET. (Business Wire)
Investors will zero in on any changes in demand from cloud and communications clients, along with the company’s forecast for the next quarter. Guidance has driven the stock’s biggest moves throughout this cycle.
Yet the situation cuts both ways. Following a two-day rally and the launch of products that can amplify daily flows, even a routine earnings report might trigger a bigger price swing if expectations are already crowded.
After Feb. 3, all eyes turn to the March 17 OFC investor briefing, the next key event on the calendar. Traders will be looking for fresh details that could either fuel the rally or put the brakes on it.
