Ride The Lumentum Momentum
Lumentum Holdings Inc. has received a buy rating due to its strong performance and growth potential in the AI data center sector. The company reported a 90% year-over-year revenue increase in Q3, alongside significant improvements in gross and operating margins. Looking ahead, Lumentum's Q4 guidance suggests revenues will exceed market expectations, although there are concerns about potential dilution risks.
- ▪Lumentum is initiated at a buy rating driven by growth in AI data center infrastructure.
- ▪The company posted 90% year-over-year revenue growth in Q3.
- ▪Q4 guidance predicts revenues between $960 million and $1.01 billion, significantly above consensus.
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