Shares of Lumentum Holdings increased in after-hours trading following reports that Marvell Technology is close to acquiring the optical-networking company. While no final agreement has been reached, Bloomberg sources suggest an official announcement could be made next week. This potential deal highlights consolidation in the optical technology sector and could impact market dynamics for both companies.
Lumentum's stock is up sharply on Pluang, trading at USD 1,015.96 with a 1-day gain of 17.29%. Meanwhile, Marvell Technology shares have fallen 4.73% to USD 232.06. These prices are as of Oct 29, 2026 05:01 WIB.
Optical stocks like Lumentum and Applied Optoelectronics are rising sharply due to their key role in AI infrastructure, with Lumentum up 4% and Applied Optoelectronics up 3%. Analysts highlight optics as a critical bottleneck in AI expansion, especia...
Lumentum Holdings led the S&P 500 gainers on Monday with its stock rising 8.2%, signaling a rebound in optical stocks after recent declines. Other optical companies like Coherent and Ciena also saw significant gains, climbing 5.8% and 4.9% respective...
Lumentum is experiencing unprecedented demand fueled by AI-driven compute growth and its strong position in advanced lasers. However, its expansion is constrained by limited indium phosphide fabrication capacity. Management aims for $40 adjusted EPS ...
StoneX initiated coverage of Lumentum with a Buy rating and a $1,200 price target, driving an 8% jump in Lumentum shares. This boost lifted other optical networking stocks like Applied Optoelectronics and Coherent by around 6%, signaling renewed inve...
