According to Lumentum CEO Michael Hurlston, capacity for optoelectronic products is fully booked through nearly 2029.
This is driven by strong demand from technology companies for components for AI data centers.
A potential U.S. FCC initiative regarding 3.2-T transceivers could further benefit U.S. laser suppliers.
On October 5, Rosenblatt reaffirmed its “Buy” rating for Lumentum and a price target of $1,300.
