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Nvidia-Backed Lumentum Reports Earnings Tuesday. Here’s How Much the Stock Could Move
Lumentum shares have more than doubled in value since the start of the year.Credit: Omar Marques / SOPA Images / LightRocket / Getty ImagesKey TakeawaysLumentum is due to report earnings Tuesday afternoon, with the stock seen swinging up to 13% by the end of the week following the results.The optics and laser maker is expected to report a big jump in sales and profits driven by AI demand.Lumentum is set to report earnings Tuesday afternoon, with traders anticipating a big swing in the optical and photonic products maker’s stock.Based on recent options pricing, Lumentum (LITE) shares are seen…
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