Susquehanna raised the firm’s price target on Lumentum (LITE) to $140 from $125 and keeps a Positive rating on the shares. The firm said they reported June results that exceeded the high end of its revised guidance range and offered even stronger September guidance. The results were driven by strength across lasers and transceivers. First OCS revenues with two hyperscalers, with CPO to layer in 2H26.
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