Susquehanna raised the firm’s price target on Lumentum (LITE) to $115 from $80 and keeps a Positive rating on the shares. The firm said Lumentum announced better results and guidance, driven by a bounce from Telco off the bottom and a return of its primary CloudLight customer (Google) in December.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LITE:
- Lumentum price target raised to $60 from $50 at BofA
- Lumentum Reports Strong Q1 Results, Anticipates Growth
- Closing Bell Movers: Toast gains 19% afterhours after earnings beat
- Lumentum reports Q1 EPS 18c, consensus 12c
- Lumentum sees Q2 EPS 30c-40c, consensus 27c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
