Analyst Ryan Koontz wrote in a note to clients, “LITE is confident its aggressive capacity expansion investments will enable it to remain the largest commercial laser supplier to the cloud industry.”

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Lumentum shares rose over 2% after Mizuho initiated coverage with an Outperform rating, highlighting the accelerating AI optical revolution

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Lumentum aims to surpass $600 million in quarterly revenue by June 2026, driven by accelerating AI-related demand.

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