On July 17, Lumentum Holdings fell 3.01% in after-hours trading, trading at approximately $684.39/share, with turnover of $6.87 million.

On the news front, the optical communications sector continued its multi-day collective sell-off, with storage chip and optical communication stocks facing intensifying joint downward pressure. Within the sector, Corning fell over 7%, Applied Optoelectronics declined nearly 5%, and Nokia dropped over 3%, indicating that industry selling pressure remains unresolved. Additionally, U.S. military strikes on Iran escalated geopolitical uncertainty, triggering broad-based declines across semiconductor and optical communications stocks.

Lumentum had surged over 12% on July 9 driven by AI computing power tailwinds but has retreated sharply from those highs. TD Cowen previously slashed its price target from $995 to $800 while maintaining a Hold rating. The current stock price sits well below that revised target, reflecting persistent short-term profit-taking pressure. Meanwhile, JPMorgan raised its target to $1,165 maintaining an Outperform rating, and analyst consensus maintains a mean target of approximately $1,125, suggesting significant upside from current levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)