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Investing.com - Raymond James raised its price target on Lumentum (NASDAQ:LITE) to $145.00 from $125.00 while maintaining a Strong Buy rating following the company’s fourth-quarter fiscal 2025 earnings report. The stock, currently trading at $119.66 with a market capitalization of $8.3 billion, has demonstrated remarkable strength with a 159% return over the past year.
The firm cited Lumentum’s beat-and-raise performance in the June quarter, with Optical Circuit Switches emerging as the biggest positive factor, generating initial revenue this quarter with a faster-than-expected ramp.
Other Datacom products, including Cloud Light transceivers, also showed strong performance, contributing to Raymond James’ upward revisions for the company’s outlook.
Raymond James now expects Lumentum to reach the $600 million sales milestone earlier than previously anticipated, projecting this achievement by March 2026.
The firm noted its previous fiscal 2026 and fiscal 2027 estimates were significantly above consensus, with sales projections 9% and 21% higher respectively, and it expects Street estimates to rise meaningfully following Lumentum’s fourth-quarter report.
In other recent news, Lumentum Holdings Inc. reported impressive financial results for the fourth quarter of fiscal year 2025. The company exceeded analysts’ expectations by posting an earnings per share (EPS) of $0.88, surpassing the forecasted $0.80. Additionally, Lumentum’s revenue reached $480.7 million, which was higher than the anticipated $467.31 million. These results indicate strong performance and have likely contributed to positive investor sentiment. The company’s ability to exceed both earnings and revenue projections highlights its operational effectiveness. No recent mergers or acquisitions were reported for Lumentum Holdings. Furthermore, there were no analyst upgrades or downgrades mentioned in the recent reports. These developments provide a factual overview of Lumentum Holdings’ recent financial achievements.
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