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Rosenblatt disclosed Lumentum (NASDAQ:LITE), upping its target price to $66.00 today

Boasting a price of $57.35, Lumentum (NASDAQ:LITE) traded 5.97% higher on the day. With the last stock price close up 4.50% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Lumentum has recorded a 50-day average of $56.08 and a two hundred day average of $56.08. Volume of trade was up over the average, with 2,296,137 shares of LITE changing hands over the typical 1,835,440

Lumentum (NASDAQ:LITE) had its target bumped up to $66.00 by Rosenblatt in an issued report announced 5/23/2017. The bumped up price target implies a potential upside of 0.15% from the company's most recent close.

Previously on 05/05/2017, Barclays reported about Lumentum (NASDAQ:LITE) raised the target price from $35.00 to $48.00. At the time, this indicated a possible upside of 0.02%.

Recent Performance Chart

Lumentum (NASDAQ:LITE)

Lumentum has with a one year low of $32.90 and a one year high of $60.00 and has a market capitalization of $0.

A total of 12 brokerages have issued a ratings update on Lumentum. 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 12-month price 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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