Lumentum Analysts Boost Their Forecasts Following Upbeat Q2 Results
1. LITE beat Q4 earnings estimates with $0.88 EPS versus $0.80 expected. 2. Q4 sales of $480.7 million exceeded expectations of $465.8 million. 3. Strong demand for AI data center products drives optimism for LITE. 4. Analysts raised price targets after earnings report, indicating bullish sentiment. 5. LITE expects Q1 adjusted EPS of $0.95 to $1.10, suggesting growth.