01:50 PM EDT, 08/14/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $30 to $130, 27.2x our FY 26 (Jun.) EPS estimate, a slight premium to its five-year historical average P/E at 25.7x, reflecting recent strong results and positive commentary by management. We lift our FY 26 EPS view by $1.01 to $4.78 and set FY 27's at $6.43. The Cloud & Networking segment saw a significant increase in revenue, rising 16% Q/Q and 67% Y/Y, driven by exceptional demand from hyperscale cloud customers and strong performance in cloud-facing components and transceiver product lines. In addition, Lumentum ( LITE ) received the largest single purchase commitment in company history for its ultra high-power lasers and announced additional investment in their U.S.-based wafer fab. Demand for narrow line-width lasers and certain coherent components continues to exceed manufacturing capacity, resulting in supply constraints that are expected to persist through fiscal 2026. This limits the company's ability to fully capitalize on market demand and may impact potential revenue growth.