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Fly News Breaks for February 5, 2020
LITE
Feb 5, 2020 | 09:11 EDT
Rosenblatt analyst Jun Zhang noted that Lumentum issued a "beat and raise" Q2 report and he maintains his bullish view due to a product mix shift towards higher-end products improving gross margins, its growth of new ACO and DCO products, strong end demand for high-end ROADMs, and steady 3D sensing trends. He keeps a Buy rating on Lumentum shares following the quarterly report and raised his price target on the shares to $100 from $90.
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