Lumentum (NASDAQ:LITE) Shares Down 8.8% After Insider Selling

Market Beat
2026.05.18 21:00
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Lumentum Holdings Inc. (NASDAQ:LITE) shares fell 8.8% after insider selling, with Director Pamela Fletcher selling 1,578 shares at $940.82 each. The stock traded as low as $857.00, closing at $884.98. Analysts have raised target prices, with a consensus of $1,012.43. The company reported a Q1 EPS of $2.37, exceeding estimates, and anticipates Q4 2026 EPS guidance of 2.850-3.050.