Lite (LITS) news

Lumentum Holdings (LITE) shares fell 10.2% in intraday trading after rising 5.2% on Friday, marking a reversal of the prior session's move.

Lumentum shares gain 6% premarket after report CEO says co sold out of AI server parts till 2029

Lumentum Holdings Inc. (LITE) shares rose 6% in premarket trading on October 9, 2026, following a report that the company’s CEO stated Lumentum has sold out of its AI server components inventory through 2029. The comment, made during a recent earnings call, indicated strong demand for the company’s…

Lumentum CEO Michael Hurlston: We are almost sold out for 2029

Lumentum Holdings Inc. (LITE) reported strong demand across its product lines, with CEO Michael Hurlston stating that the company is "almost sold out for 2029" [1]. This remark highlights the sustained momentum in the optical components and laser markets, driven by continued investment in data…

Arvinas: Findings support evaluation of ARV-102 as a therapeutic approach for neurodegenerative diseases associated with LRRK2 dysregulation

Arvinas, Inc. (Nasdaq: ARVN) continues to advance its pipeline of investigational therapies based on its proprietary PROTAC (PROteolysis TArgeting Chimera) platform. One of its key programs, ARV-102, is an orally bioavailable PROTAC designed to target and degrade leucine-rich repeat kinase 2…

Lumentum Holdings Inc.: Stifel raises target price to $1232 from $1100

Stifel has raised its target price for Lumentum Holdings Inc. (LITE) to $1232 from $1100, reflecting a positive outlook on the company’s near-term prospects. The adjustment suggests increased confidence in Lumentum’s ability to deliver value to shareholders amid evolving market conditions. While…