11:20 AM EDT, 09/05/2025 (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 price by $20 to $150, 30.9x our FY 26 (Jun.) estimate, a premium to its five-year forward average multiple at 24.8x, reflecting our strong growth outlook. We increase our FY 26 EPS estimate by $0.08 to $4.86 and raise FY 27's by $0.05 to $6.48. Lumentum ( LITE ) is experiencing rapid growth in the advanced photonics market, driven by the increasing demand for optical hardware and bandwidth as AI becomes central to customers' business strategies. This is resulting in strong revenue growth opportunities in technologies such as EMLs, transceivers, optical circuit switches, and lasers for co-packaged optics, all considered essential for scalable AI infrastructure. The company is achieving record-high shipments in key component areas, such as EMLs and narrow line width lasers, and has secured substantial new orders, indicating strong and sustained customer demand. We expect these positive trends to continue for the foreseeable future as new network build-outs gain momentum.