Lumentum shares fall 9.8% following Broadcom CEO remarks
LITE Lumentum Holdings Inc
$987.99 -0.75%
View chart & analysis → - 1Lumentum shares recorded a 9.8% decline on Monday.
- 2Broadcom CEO Hock Tan said many investors do not know what they are investing in and set extreme expectations only to realize it is like being in a casino.
- 3Lumentum CEO Michael Houston said last week that the company is nearly sold out of Lumentum order/production capacity through 2029.
So what's the key point?
The Broadcom CEO said that investors have expectations that are too high. Following these remarks, Lumentum shares fell 9.8 percent.
Source The Motley Fool · View original ↗
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