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LITE

Lumentum

$51.65

9.05 (21.24%)

06:34
02/07/18
02/07
06:34
02/07/18
06:34

Lumentum price target raised to $101 from $90 at DA Davidson

DA Davidson analyst Mark Kelleher raised his price target on Lumentum to $101, saying that despite the near-term headwind from China, the optical networking market will grow in the next several years while Lumentum stands well positioned to benefit from that trend. The analyst notes consensus beating revenue and EPS in the latest quarter, driven by strength in 3D sensing lasers as well as strong demand for ROADM and pump laser, though data communications segment remains soft with a 50% annual decline. Kelleher keeps his Buy rating on Lumentum.

  • 29

    Mar

LITE Lumentum
$51.65

9.05 (21.24%)

02/06/18
CHLM
02/06/18
NO CHANGE
Target $90
CHLM
Buy
Lumentum price target raised to $90 from $85 at Craig-Hallum
Craig-Hallum analyst Richard Shannon raised his price target for Lumentum to $90 from $85 saying the strong 3DS gross margin and strong outlook for the second half of 2018 more than make up for the expected soft March quarter guide. The analyst reiterates a Buy rating on the shares.
02/06/18
PIPR
02/06/18
NO CHANGE
PIPR
Lumentum price target raised to $84 from $81 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target on Lumentum to $84 from $81 and reiterated an Overweight rating on the stock, citing exceptional Q2 earnings results with "3D sensing sales well above expectations and impressive margins on these products." Jensen did note, however, that Q3 guidance was below expectations, although he believes this is "a pause in the rapid growth of 3D sensing deployments" and believes the company will see a meaningful reacceleration in the second half of 2018 and afterward.
01/31/18
01/31/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lumentum (LITE) was initiated with a Buy at UBS while Oclaro (OCLR) was initiated with a Sell. 2. ImmunoGen (IMGN) initiated with a Buy at H.C. Wainwright. 3. Salesforce (CRM) and Workday (WDAY) were initiated with a Buy at Cleveland Research. 4. Cooper Tire (CTB) was initiated with a Buy at Longbow, while Goodyear Tire (GT) was initiated with a Neutral. 5. Acacia Communications (ACIA) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/31/18
UBSW
01/31/18
INITIATION
Target $57
UBSW
Buy
Lumentum initiated with a Buy at UBS
UBS analyst Tejas Venkatesh started Lumentum (LITE) with a Buy rating and $57 price target. The analyst expects Apple (AAPL) devices to include 3D sensing in fiscal 2019 and does not think competitors have enough capacity to meet more than 30% of the demand. He sees Lumentum beating sell-side consensus estimates for fiscal 2019 3D sensing revenue by 18%. umentum is the best way to invest in the 3D sensing laser theme, Venkatesh writes.

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