Does Lumentum’s 1,444% Surge Come to an End Tomorrow?

Does Lumentum’s 1,444% Surge Come to an End Tomorrow?

The post Does Lumentum’s 1,444% Surge Come to an End Tomorrow? appeared first on 24/7 Wall St.. Quick Read Lumentum (LITE) posted Q2 revenue of $665.5M, up 65% year-over-year, with non-GAAP operating margin expanding 1,730 basis points to 25.2%, while Q3 guidance targets $780M-$830M revenue (85%+ growth) and $2.15-$2.35 non-GAAP EPS. The company has a $400M+ backlog in optical circuit switches, a $2B partnership with NVIDIA (NVDA), and is oper…