Lumentum Holdings Inc. (LITE) stock surged over 13% after exceeding fourth-quarter revenue and earnings expectations. Several analysts raised their price targets, citing the company’s growth potential in AI transceivers and a positive outlook for the telecom market.
Lumentum Holdings Inc. (LITE) exceeded analysts’ expectations for both earnings and revenue in the fourth quarter, driven by strong demand for datacom chips used in data centers. The company also issued optimistic revenue guidance for the first quarter, indicating continued growth in cloud and AI markets.
Lumentum Holdings Inc. (LITE) shares surged in pre-market trading after reporting better-than-expected fourth-quarter results and issuing strong first-quarter revenue guidance. Other notable pre-market movers include SciSparc Ltd. (SPRC), VS MEDIA Holdings Limited (VSME), and Altamira Therapeutics Ltd. (CYTO), all experiencing significant gains. On the other hand, Turnstone Biologics Corp. (TSBX) and Titan Machinery Inc. (TITN) saw declines after reporting disappointing financial results.
