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Lumentum shares surge after announcing optical components sold out through early 2029

Barrons.com +1 ·

LITE Lumentum Holdings Inc
$1103.35 +5.22%
View chart & analysis →
COHR +3.40%AAOI AAOI +3.53% NVDA -0.49% GLW +2.52%
  1. 1Lumentum shares recorded a 7% increase during the recent trading period.
  2. 2CEO Michael Harnett stated that optical components are completely sold out through early 2029.
  3. 3The stock has achieved an approximately 3-fold increase so far this year.

So what's the key point?

Lumentum announced that its optical components are all sold out through early 2029. Following this news, the stock price rose 7%, marking a 3-fold increase this year.

Source Barrons.com +1 · View original ↗

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