New York, Feb 16, 2026, 17:19 (ET) — Market closed.
- Lumentum last closed down 3.6% at $562.74 in Friday’s session
- SEC filings show EVP Vincent Retort and director Penny Herscher sold shares on Feb. 12
- Traders eye Fed minutes midweek and a run of Lumentum investor events later this month
Insider selling at Lumentum Holdings Inc (LITE.O) is in focus as U.S. markets reopen on Tuesday after a holiday break, with the stock last closing down 3.6% at $562.74 on Friday. Trading volume in the last session was about 5 million shares. U.S. exchanges were shut on Monday for Washington’s Birthday. (New York Stock Exchange)
The forms landed after a run that pushed the stock toward recent highs and pulled in short-term money. With markets shut Monday, Tuesday’s open is the next real price check.
Traders will be watching for profit-taking and for any knock-on from rates ahead of the Federal Reserve’s meeting minutes later this week. Lumentum sells optical hardware used in data centers and telecom networks, a corner of the market that has been moving in big steps.
A Form 4 filing showed Executive Vice President Vincent Retort sold 45,026 shares on Feb. 12 in multiple open-market trades, at prices ranging from $575.795 to $602.185, leaving him with 102,455 shares. The filing said the sales were made under a Rule 10b5-1 plan, a pre-arranged trading program adopted on Nov. 13. (SEC)
Another Form 4 showed director Penny Herscher sold 4,000 shares on Feb. 12 in eight trades priced roughly $594.42 to $602.63. She reported 2,057 shares owned directly after the sales, plus 39,378 shares indirectly through a living trust. (SEC)
Lumentum’s intraday high reached $603.83 on Feb. 12, and the stock is up about 74% from its Jan. 16 close, based on daily prices. It has gained about 29% since its Feb. 3 close. (Investing)
On Feb. 3, Lumentum reported quarterly revenue of $665.5 million and forecast fiscal third-quarter revenue of $780 million to $830 million. CEO Michael Hurlston said optical circuit switches — used to steer light signals inside data centers — had driven a backlog “well beyond $400 million,” and he flagged an additional “multi-hundred-million-dollar” order for co-packaged optics, for delivery in the first half of 2027. (Nasdaq)
Christopher Rolland, an analyst at Susquehanna, said the outlook amounted to “dramatically better guidance” and a “step-change” in margins, in a note after the earnings report. (Investors)
Markets also face a busy midweek. The Federal Reserve says minutes from its policy meetings are released three weeks after the decision; the Jan. 27-28 meeting puts this week’s release on Wednesday. (Federal Reserve)
But the stock’s climb leaves little room for delays as customers ramp orders, and the newer programs could still slip on timing. A choppier market, or any sign that data-center spending is pausing, tends to hit these optics names first.
Lumentum management is due at Susquehanna’s annual technology conference on Feb. 26 and Morgan Stanley’s Technology, Media & Telecom conference on March 2, with a webcast scheduled for 11:30 a.m. Pacific time. The company has also slated an investor briefing at OFC on March 17 in Los Angeles. (Lumentum Investor Relations)
