Markets

Lumentum Holdings (LITE) Looks Good: Stock Climbs 9.8%

Lumentum Holdings Inc.LITE was a big mover last session, as the company saw its shares rise almost 10% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $34.70 to $42.20 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lumentum Holdings carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

LUMENTUM HLDGS Price

LUMENTUM HLDGS Price | LUMENTUM HLDGS Quote

A better-ranked stock in the broader sector is Cutera, Inc. CUTR , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CUTERA INC (CUTR): Free Stock Analysis Report

LUMENTUM HLDGS (LITE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CUTR LITE

Other Topics

Investing Stocks