Lumentum Holdings rise after Q4 revenue beat
Lumentum Holdings LITE.O shares rise 4.4% to $125 premarket
The optical and photonic products maker posts fiscal Q4 rev of $480.7 mln, beating consensus estimate of $466.40 mln - data compiled by LSEG
Co expects Q1 FY2026 revenue between $510 mln and $540 mln vs analysts' estimates of $513.74 mln
LITE says it aims to exceed $600 mln in quarterly revenue by June 2026
"While cloud infrastructure capex continues to be a tailwind, demand in core Telecom and Industrial end-markets remains a bit more muted" - UBS
At least 13 brokerages raise PT on the stock following results - LSEG data
18 analysts on an average rate the stock "buy"; their median PT is $135 - LSEG data
YTD, stock up 42.5%
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