Lumentum Holdings shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 revenue guidance above estimates. Also, Rosenblatt and Needham raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 revenue guidance above estimates. Additionally, Rosenblatt and Needham raised their respective price targets on the stock.
August 15, 2024 | 12:15 pm
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Lumentum Holdings shares are trading higher following better-than-expected Q4 financial results and positive Q1 revenue guidance. Rosenblatt and Needham also raised their price targets on the stock.
The better-than-expected Q4 financial results and positive Q1 revenue guidance are strong indicators of the company's performance, likely boosting investor confidence. The raised price targets from Rosenblatt and Needham further reinforce the positive outlook, contributing to the stock's upward movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100