New York, Feb 18, 2026, 14:26 (EST) — Regular session
- Lumentum shares slid in afternoon trading, following a stretch of choppy action earlier.
- Mizuho bumped its price target up to $645, up from $525, according to a Reuters report.
- Eyes are turning to management events on Feb. 26 and March 17—investors are waiting on those as the next possible catalyst.
Shares of Lumentum Holdings Inc (LITE.O) slipped 0.1% to $599.55 as of Wednesday afternoon. The day’s trading range: $588.88 at the low, with a high of $615.26.
Lumentum’s shares are slipping after a brisk two-day rally that had the stock perched among the Nasdaq’s top performers. The company, a go-to ticker for traders betting on AI data center spending, has seen even standard analyst notes spark major swings.
Lumentum shares finished Tuesday up roughly 673% over the last year, Barron’s market data shows. After a move like that, investors are zeroed in on the upcoming results and any fresh commentary. (Barron’s)
Tuesday delivered a choppy session. Shares kicked off at $538, bounced from $528.01 up to $616.52, and wrapped things up at $600.42. Volume landed around 5.6 million, according to WSJ market data. (The Wall Street Journal)
Mizuho bumped up its price target on Lumentum to $645, up from $525, Reuters reported via moomoo. The price target reflects what analysts think the stock might reach in the coming year. (Moomoo News)
Lumentum’s numbers and guidance are still behind the story. On Feb. 3, the company posted fiscal Q2 revenue of $665.5 million with adjusted earnings per share at $1.67. For the March quarter, it’s guiding for revenue between $780 million and $830 million, and non-GAAP EPS of $2.15 to $2.35—stock-based compensation and similar items excluded. CEO Michael Hurlston pointed to a backlog for optical circuit switches exceeding $400 million, and highlighted an “incremental multi-hundred-million-dollar order” for co-packaged optics. (Lumentum Investor Relations)
OCS handles internal traffic flow for big data centers. As for CPO, it puts optical engines right by the chips, aiming to slash power use and boost data link speeds. Adoption remains in its early stages, yet it’s a hot topic among industry players.
But the bar is high. Should customer deployments falter, or the 2027 CPO delivery timetable get delayed, those targets could tumble quickly — and the stock isn’t exactly cushioned.
Lumentum announced Feb. 10 that its executives will be meeting with investors at Susquehanna’s annual technology conference set for Feb. 26. They’re also on the docket to present at Morgan Stanley’s Technology, Media & Telecom conference on March 2, where a webcast is planned. (Lumentum Investor Relations)
The company added that management plans to hold an investor briefing at the Optical Fiber Communication Conference and Exhibition in Los Angeles on March 17. (Business Wire)
Feb. 26 marks the next sentiment check for short-term traders.
