
Shares of optical and photonic products maker Lumentum LITE.O jump 16.3% to $219.1 premarket
LITE forecasts Q2 revenue in the range of $630 mln-$670 mln, above analysts' average estimate of $560.2 mln, according to data compiled by LSEG
Reports Q1 revenue of $533.8 mln, beating estimates of $525.4 mln; adj. EPS of $1.1 also tops estimates
At least two brokerages raise PT on stock post results
16 of 20 brokerages covering the stock rate it "buy" or higher and four "hold"; the median PT is $180
As of last close, LITE shares have more than doubled in 2025