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LITE

Lumentum

$51.65

9.05 (21.24%)

06:50
02/07/18
02/07
06:50
02/07/18
06:50

Lumentum price target raised to $70 from $65 at Loop Capital

Loop Capital analyst James Kisner raised his price target on Lumentum to $70 after "very strong" Q2 earnings. Despite the fall-off in 3D sensing revenue expected for Q3, Kisner says he is "very impressed with the positive comments and trends regarding the rest of the business including telecom optics and Commercial Lasers", while the commentary on 3D sensing was also "very encouraging". The analyst keeps his Buy rating on Lumentum.

  • 29

    Mar

LITE Lumentum
$51.65

9.05 (21.24%)

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.
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.
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.
02/07/18
DADA
02/07/18
NO CHANGE
Target $101
DADA
Buy
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.

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