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Stock impact report

Highly Rated Lumentum Near Buy Zone With Earnings Due [Investor's Business Daily]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Related news With earnings on tap for May 5, IBD 50 member Lumentum ( LITE ) is currently about 9% under a 93.33 buy point . The current formation is a second-stage consolidation . Buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure. Looking For The Best Stocks To Buy And Watch? Start Here Earnings growth picked up last quarter from 9% to 33%. But revenue gains fell from 27% to 23%. Consensus analyst estimates call for earnings-per-share growth of 17% for the quarter, and 20% growth for the full year. Annual growth estimates were recently revised lower. The company has a 98 Composite Rating and earns the No. 1 rank among its peers in the Telecom-Fiber Optics industry group. Acacia Communications ( ACIA ) and Ciena ( CIEN ) are also among the group's highest-rated stocks. Note: Dates for earnings re Show less Read more
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