Lumentum Holdings (LITE) sets ambitious goals with 500 million USD quarterly revenue by the end of 2025. Barclays upgrades to overweight with a target of 125 USD (+40%)
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The stock of Lumentum Holdings (LITE) has proven to be incredibly strong since the summer. It is a developer and manufacturer of optical and photonic products for optical networks and laser applications worldwide. The company offers a broad portfolio of components, modules, and subsystems for optical communication as well as laser technologies for various industrial applications. The Cloud & Networking segment accounted for approximately 80% of revenue in fiscal year 2024 (1.08 billion USD). It includes optical components and subsystems for...
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