News about Lumentum

Optics stocks rose on Monday in anticipation of early-November earnings, with Applied Optoelectronics (AAOI) up 5% to $79.01, Lumentum (LITE) up 4% to $856.18, Coherent (COHR) up 2% to $236.93, and the Roundhill Photonics & Optics ETF (LYTE) up 2% to $20.20. Lumentum's CEO Michael Hurlston said its components are sold out through 2029 and that the company cannot meet roughly 70% of demand for some products through 2027 and 30% for others through 2028. Coherent launched its PhotonLink integrated optics platform, already has more than 10 customer engagements, and expects initial PhotonLink revenue to ramp in the December quarter; one analyst reiterated a Buy rating with a $395 price target. The article notes valuations remain elevated versus historical averages, and Coherent reports on November 4 while Applied Optoelectronics and Lumentum report on November 5.