Lumentum stock closed at approximately $866 on October 27, 2026, rising about 5.8% for a second consecutive session of gains. The move followed a new Buy rating from StoneX and came ahead of the optical technology company’s fiscal first-quarter results on November 5.
Key Takeaways
- Shares gained about 14.5% over two sessions but remained roughly 24% below their October high.
- StoneX began coverage with a $1,200 price target on October 26.
- Lumentum is scheduled to report fiscal first-quarter 2027 results after the market closes on November 5.
Lumentum stock rebounds from Friday close
The Nasdaq-listed shares finished Monday, October 26, at $818.10, up 8.19%, before adding approximately 5.8% on Tuesday. The two-day advance followed a Friday close of $756.17.
Even after the rebound, the shares were about 24% below their 52-week high of $1,143, reached earlier in October. StoneX’s $1,200 target is an analyst estimate, not a guaranteed future price. The timing of its rating does not establish how much it contributed to the share gains.
| Item | Details |
|---|---|
| Fiscal first-quarter revenue guidance | $1.225 billion to $1.275 billion |
| Non-GAAP operating margin guidance | 39.5% to 40.5% |
| Non-GAAP diluted earnings per share guidance | $4.05 to $4.35 |
Earnings will be measured against guidance
Lumentum supplies optical and photonic technology used in networking, cloud computing and data centers. Its upcoming report will show how fiscal first-quarter performance compares with management’s previously issued guidance.
For the fiscal fourth quarter ended June 27, the company reported approximately $1.006 billion in revenue, compared with $480.7 million a year earlier. Non-GAAP net income was $326.3 million, or $3.23 per diluted share. Lumentum also reported a GAAP net loss, primarily because of a one-time, non-cash debt-extinguishment charge.
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