Lumentum Holdings Inc.LITE was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on the back of the Street's sudden enthusiasm regarding the potentially large market for so-called 3-D sensing, which can play into virtual reality and "augmented reality." This also led to 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 $34.40 to $40.20 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 carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Lumentum Holdings Inc. Price
Lumentum Holdings Inc. Price | Lumentum Holdings Inc. Quote
A better-ranked stock in the same industry is IPG Photonics Corporation IPGP , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Lumentum Holdings Inc. (LITE): Free Stock Analysis Report
IPG Photonics Corporation (IPGP): Free Stock Analysis Report
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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.
