LITE spotlight — 2026-10-23
LITE shares plummeted 11.54% on Thursday, marking the stock's largest one-day move of the past month. This drop is part of a broader shift in momentum; while the stock is up 361.82% over the last 12 months, it has turned downward over…
Key figures
Data as of Oct 23, 2026- LITE last close
- $752.54
- LITE change vs prior close
- -11.54%
- LITE market cap
- $67.82B
LITE shares plummeted 11.54% on Thursday, marking the stock's largest one-day move of the past month. This drop is part of a broader shift in momentum; while the stock is up 361.82% over the last 12 months¹, it has turned downward over shorter horizons, falling 1.37% over three months² and 19.69% over the last month³.
The stock closed Thursday at $752.54⁴, which is 18.88% below its 50-day average⁵ and 4.28% below its 200-day average⁶. This price action occurs alongside a market cap of $67.82B⁷. Despite the annual gains, the company's recent fundamentals show a lack of profitability, with a last reported EPS of -95.55⁸ on revenue of $1.01B⁹.
Trading volume on Thursday reached 6.16 million shares¹⁰, roughly 1.29x its 20-session average¹¹. LITE currently sits at 60.6% of its 52-week range¹², positioned between a low of $152.54 and a high of $1143.0¹³˒¹⁴.
Lumentum Holdings Inc. Common Stock (LITE): price and news
Full chart and figuresDaily closes up to Oct 22, 2026, the last session before this was written.
News
- Zacks Investment Ideas feature highlights: Sandisk, Lumentum and JabilZacks Investment ResearchOct 14Positive
Doubled revenue YoY, strong earnings growth (146.8% projected for fiscal 2027), exceptional demand visibility with components sold out through early 2029, and positioned for emerging technologies. Elevated 46.4x forward earnings valuation justified by growth trajectory and supply constraints.
- 3 Best AI Stocks to Buy on This Pullback (SNDK, LITE, JBL)Zacks Investment ResearchOct 13Positive
Revenue doubled YoY, products sold out through early 2029 indicating strong demand visibility, operating margins expanded to 36.6%, and aggressive growth trajectory with 107% revenue growth expected in fiscal 2027. Positioned for emerging optical technologies in AI infrastructure.
- Lumentum (LITE) is a Top-Ranked Momentum Stock: Should You Buy?Zacks Investment ResearchOct 13Positive
Despite a Hold rating, LITE demonstrates positive momentum with an A-rated Momentum Style Score, 19.2% four-week price appreciation, upward earnings estimate revisions, and consistent earnings surprises of +9.8%. The company's exposure to high-growth markets like AI/ML and data centers supports positive near-term outlook.
- Why Lumentum Sank TodayThe Motley FoolOct 12Negative
Stock fell 9.8% due to concerns about AI spending sustainability raised by a competitor CEO. Despite strong fundamentals (nearly sold out through 2029), investor sentiment shifted on doubts about whether enterprises will develop sustainable, profitable AI business models.
- Here's Why Lumentum (LITE) is a Strong Growth StockZacks Investment ResearchOct 2Positive
LITE received a #2 (Buy) Zacks Rank with a VGM Score of B and Growth Style Score of A. The company is forecasted to achieve 145.7% year-over-year earnings growth for the current fiscal year, with nine analysts revising earnings estimates upward in the last 60 days. The stock has an average earnings surprise of +9.8%, indicating strong fundamental performance.
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