U.S. optical communications stocks continued to move higher, with Lumentum rising more than 5% early in the session, according to data from MSX.COM. The move came as the company forecast fiscal first-quarter 2027 net revenue in a range of $1.23 billion to $1.28 billion. That outlook was above the market estimate of $1.15 billion included in the source report. The update centered on the strength in the optical communications segment and the revenue guidance gap versus expectations.
U.S. optical communications stocks kept climbing, with Lumentum up more than 5% early in the session, according to MSX.COM data.
The company forecast net revenue for the first quarter of fiscal 2027 at $1.23 billion to $1.28 billion, compared with a market estimate of $1.15 billion.
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