Lumentum shares jump after CEO says optical parts nearly sold out
Lumentum shares and other optical networking stocks rose after CEO Michael Hurlston said the company is almost sold out of optical parts through 2029 and will struggle to keep up with demand soon.
Shares of Lumentum and other optical networking stocks advanced Friday after CEO Michael Hurlston said the company has nearly sold out of its optical parts through 2029 and will struggle to keep up with demand in the near term. In an interview with Bloomberg TV on Friday, Hurlston said demand remains very strong for the company’s optical parts.