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- Lumentum’s stock pops as investors cheer a possible sale to Marvell
- Marvell Wants Lumentum. Here’s Why Coherent Could Win.
Bloomberg reported on October 28 that Marvell is in advanced discussions to acquire Lumentum, though no definitive agreement has been announced. Lumentum shares rose sharply on the news while Marvell fell in after-hours trading, and Coherent gained about 3.5% after hours. Per Bloomberg’s October 9 report, Lumentum’s optical capacity is effectively sold out through early 2029, and CEO Michael Hurlston said the company could not meet about 70% of expected demand for certain products through 2027. The article argues that a Marvell–Lumentum deal could make Coherent’s independent manufacturing more valuable, especially since Nvidia has invested $2 billion in Coherent.
- Applied Optoelectronics Is Up 175% in 2026 and Lumentum Is Up 164%: Take Profits, or Hold On for the Ride?
Optical connectivity stocks have posted large gains in 2026, but a 9% pullback over the past month suggests the window for a clean exit may be closing. Applied Optoelectronics (NASDAQ:AAOI) is up 175% year to date, Lumentum (NASDAQ:LITE) is up 164% and Coherent (NYSE:COHR) is up 55%, while the iShares Semiconductor ETF (NASDAQ:SOXX) is up 79% and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 14%. Supporters argue that transceiver demand follows AI cluster construction that is already committed. The bear case centers on scale and pricing, as Applied Optoelectronics is a small manufacturer competing against far larger suppliers on a product that commoditizes as speed generations age. The key question is whether its order book holds through the next transceiver speed transition.
- Where Will Marvell Technology Stock Be in 2030?
Marvell Technology (MRVL) shares have risen 189% over the past year as the company plays a key role in AI hardware, with revenue in the first six months of fiscal 2027 up 32% to $5.16 billion. At its Investor Day, Marvell projected revenue CAGR of 55% to 60% from fiscal 2026 to 2031, with custom AI chip revenue growing at an 80% CAGR and interconnect revenue at 65%. Adjusted EPS was $2.84 in fiscal 2026, and assuming a 56% EPS CAGR, in line with analysts' long-term estimates, the article projects EPS of $26.24 by the end of the decade. At 21 times earnings, in line with the Nasdaq-100's forward multiple, the stock could reach $551 in 2030, 125% above its current price. The article argues that Marvell's strong growth prospects suggest it should ideally trade at a premium to the broader index.
- Prediction: Marvell Stock Could Have Much More Upside Than Investors Think
Marvell shares fell 8.13% to $224.01 today even though management raised its revenue outlook for fiscal 2027 and 2028. Fiscal Q2 2027 revenue reached $2.7393 billion, up 36.5% year over year and above consensus, with Data Center making up 79% of sales and Q3 guidance of $3.150 billion ±5%. 24/7 Wall St. sets a price target of $271.84, implying 21.35% upside over 12 months, with a Buy rating. Its bull case is $350.85 and bear case $209.36, with risks including reliance on a few hyperscalers, tight supply of advanced wafers, and stock-based compensation rising to $207.6M from $142.1M. Although the stock is up 165.04% year to date, it sits about 32% below its 52-week high of $329.73.
- Can Marvell Stock Jump 30%?
Marvell Technology (MRVL) shares returned 182.9% over the twelve months to October 26, 2026, versus 15.3% for the S&P 500. Data center sales reached $2.17 billion in the quarter ended August 1, 2026, up 46% from a year earlier and 79% of revenue. Revenue growth rose to 36.5% in that quarter after slowing to 22.1% in the quarter ended January 31, 2026, and management guided data center sales to grow roughly 75% in the fiscal third quarter of 2027. At the October 26 close, shares traded at 22.2 times sales over the last four quarters (versus 9.2 times at the end of June 2025) and 79.5 times earnings, compared with 22.9 for the S&P 500. The article notes that a further 30% gain would depend on data center sales continuing to grow at the pace of the past year, and that this forecast does not yet appear in reported results.
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