$Lumentum(LITE)$ It could close at $1050. There is some justification for this run up. Apple dropped some bad news that they're seeing slower iPhone demand and plan to lower prices, and the stock is down $7.5 now.
$Lumentum(LITE)$ Longtime longs can only thank the sellers on these dips. We've seen this plenty of times over the past year or so and always appreciate the chance to add a few bargain shares. Day traders just playing for a few bucks of profit, good luck to them. Old timers who have been here for many years already know what a blessing this company has been. With the Citi upgrade to 1400 and Argus to 1332, I'll pick up a few here. Personally, I think this stock is far from hitting its high, and my guess is that happens toward the end of 2028. I'm certainly not an expert, just a very happy long for many years.
$Lumentum(LITE)$ Marvell now sees $70–$90 billion of revenue in fiscal 2031, up from $8.2 billion last year. MRVL also raised its fiscal 2028 outlook to roughly $20 billion from roughly $18 billion, and sees custom-chip revenue above $12 billion in fiscal 2029, up from a prior $10 billion. That works out to roughly 10x in five years, matching Marvell's own 55–60% annual growth target. Nearly all of it is data center. Names that move data within and between data centers: CIEN, COHR, LITE, CRDO. Those are Marvell's targets, not mine.
$Lumentum(LITE)$ The Nvidia CPO tailwind for Lumentum is getting a lot of attention. Co-Packaged Optics adoption is moving fast — integrating optical components directly into chip packaging lets Lumentum's laser tech help AI data centers push information faster while using a fraction of the electricity. On the revenue side, projections show Lumentum's CPO laser sales could jump from $427 million in 2027 to $750 million by 2028, with Near-Packaged Optics potentially scaling past $2.5 billion.
$Lumentum(LITE)$ Lumentum is up more than 8% Thursday, moving through a 1,027 trendline level. Worth noting what the move is actually about. Bernstein initiated coverage with an Outperform and a 1,220 target. Fresh coverage, chasing the name up. One level down, the initiation is about AI data center interconnect, not telecom optics. Lumentum, Qualcomm and Corning recently announced a joint demo of die-to-die optical interconnect at ECOC 2026, using Lumentum's 1060nm VCSEL platform with Qualcomm interface IP and Corning fiber. The architecture targets about 1 Tb/s/mm of shoreline bandwidth density, with a stated path to 4 Tb/s/mm. The re-rating is about where optical interconnect goes next: not just rack-to-rack
$Fabrinet(FN)$ $Lumentum(LITE)$ $Ciena(CIEN)$ Northland is calling Fabrinet a major buying opportunity. The firm points to a raft of positive data points from key customers like Lumentum and Ciena, yet the stock has kept drifting lower. With the broader AI optical space pulling back and some slowdown concerns floating around, they find it ironic that Fabrinet would underperform, especially since they view it as the supplier with the lowest risk profile in that scenario. Northland reiterates an Outperform rating and an $800 price target.
$Lumentum(LITE)$ Estimates for global AI infrastructure spending in 2027 range between $1 trillion and $1.45 trillion, driven by massive data center construction, semiconductor procurement, and specialized hardware demands. Major institutions and financial experts project the following benchmarks for 2027: JPMorgan Chase: CEO Jamie Dimon stated that investment across the artificial intelligence infrastructure ecosystem could reach $1 trillion next year. Morgan Stanley & UBS: Wall Street estimates from firms like Morgan Stanley project a $1.2 trillion to $1.4 trillion boom in AI infrastructure spending, with UBS specifically modeling that global AI capex will hit $1.447 trillion by 2027, driven overwhelmingly by surging memory component co