Rosenblatt Maintains Buy Rating for Lumentum Holdings: Here's What You Need To Know

Rosenblatt has decided to maintain its Buy rating of Lumentum Holdings LITE and lower its price target from $62.00 to $55.00.

Shares of Lumentum Holdings are trading down 0.1% over the last 24 hours, at $39.75 per share.

A move to $55.00 would account for a 38.36% increase from the current share price.

About Lumentum Holdings

Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.