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A statement released earlier today by Stifel about Lumentum (NASDAQ:LITE) bumps the target price to $73.00

Stifel bumped up the target of Lumentum (NASDAQ:LITE) to $73.00 stating a potential upside of 0.17%.

On 6/12/2017, Needham released a statement on Lumentum (NASDAQ:LITE) bumped up the target price from $56.00 to $80.00 that suggested an upside of 0.32%.

Boasting a price of $62.50, Lumentum (NASDAQ:LITE) traded -2.14% lower on the day. With the last close up 18.22% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Lumentum has recorded a 50-day average of $58.50 and a two hundred day average of $48.43. Volume of trade was up over the average, with 3,338,813 shares of LITE changing hands over the typical 2,379,600

Performance Chart

Lumentum (NASDAQ:LITE)

With a total market value of $0, Lumentum has with a one year low of $32.90 and a one year high of $60.00 .

A total of 12 analysts have released a research note on LITE. Two analysts rating the company a strong buy, six analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $29.50.

More About Lumentum (NASDAQ:LITE)

Lumentum Holdings Inc. is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Company's OpComms products include a range of components, modules and subsystems to support and maintain customers in its two primary markets: Telecom and Datacom. The Company's Lasers products serve customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining, such as drilling in printed circuit boards, wafer singulation and solar cell scribing. The Company's customers include original equipment manufacturers (OEMs).

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