BUZZ-Lumentum jumps after bright <a href="https://laohu8.com/S/QTWO">Q2</a> revenue forecast, Q1 results beat** Shares of optical and photonic products maker Lumentum LITE.O jump 16.3% to $219.1 premarket
** LITE forecasts Q2 revenue in the range of $630 mln-$670 mln, above analysts' average estimate of $560.2 mln, according to data compiled by LSEG
** Reports Q1 revenue of $533.8 mln, beating estimates of $525.4 mln; adj. EPS of $1.1 also tops estimates
** At least two brokerages raise PT on stock post results
** 16 of 20 brokerages covering the stock rate it "buy" or higher and four "hold"; the median PT is $180
** As of last close, LITE shares have more than doubled in 2025
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))
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