Zacks downgrades Lumentum as Lumentum stock trades at EUR 785.40

Published on 10/16/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum stock trades at EUR 785.40 on October 16, 2026. Nasdaq market value is USD 78.8 billion; results are due November 5, 2026.

Analyst caution meets demand

Zacks Research downgraded Lumentum from strong buy to hold on October 14, 2026.
Fiscal fourth-quarter revenue reached USD 1.01 billion, up 109.3 percent year over year.
Lumentum stock traded at EUR 785.40 at 9:35 a.m. CEST at Lang & Schwarz on October 16, 2026.
Lumentum scheduled its fiscal first-quarter 2027 results for November 5, 2026.

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Lumentum (ISIN US55024U1097) was trading at EUR 785.40 at Lang & Schwarz on October 16, 2026, at 9:35 a.m. CEST. MarketBeat reported on October 14, 2026 that Zacks Research downgraded Lumentum from strong buy to hold.

Results set the operating baseline

Lumentum's fiscal fourth-quarter revenue reached USD 1.01 billion for the period ended June 27, 2026, an increase of 109.3 percent from the prior-year quarter. The company also reported non-GAAP operating margin of 36.6 percent, compared with 15.0 percent a year earlier, according to MarketWatch.

The GAAP result was a USD 7.2 billion net loss because a one-time, non-cash debt-extinguishment charge contributed USD 7.8 billion. That accounting effect makes the adjusted operating figures more useful for reading the underlying quarter, while the statutory loss remains a material risk factor.

Three events define the setup

On August 11, 2026, Lumentum reported fiscal fourth-quarter revenue of USD 1.01 billion. On October 9, 2026, CEO Michael Hurlston said optical components were sold out through early 2029 in an interview cited by Investopedia. On October 14, 2026, Zacks Research moved its rating from strong buy to hold, as reported by MarketBeat.

What does the guidance imply?

Lumentum guided fiscal first-quarter 2027 revenue to USD 1.225 billion to USD 1.275 billion and non-GAAP operating margin to 39.5 percent to 40.5 percent. The midpoint of that revenue range is USD 1.25 billion, above the USD 1.01 billion fiscal fourth-quarter result, according to the company's August 11, 2026 release carried by MarketWatch.

Next results date is set

Lumentum said on October 5, 2026 that it will release fiscal first-quarter 2027 results after the market closes on November 5, 2026, followed by a webcast at 5:00 p.m. ET, according to Lumentum.

Valuation keeps the debate open

The Nasdaq-listed company had a market capitalization of USD 78.8 billion as of October 15, 2026. Its 52-week range was USD 152.54 to USD 1,143.00, leaving the operating outlook and the valuation debate closely linked for investors.

Lumentum was trading at EUR 785.40 at Lang & Schwarz on October 16, 2026, at 9:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Lumentum stock.