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home / articles / why lumentum holdings stock popped today benzinga mwn benzinga

LITE - Why Lumentum Holdings Stock Popped Today | Benzinga

Lumentum Holdings Inc.

Lumentum Holdings Inc. (NASDAQ: LITE) shares are trading higher after the company announced an agreement to acquire Cloud Light for $750 million.

What To Know: Lumentum expects the deal to be immediately accretive to earnings per share and expects it will more than double the company's cloud intra-data center infrastructure revenue in the 12-month ...

Full story available on Benzinga.com
Stock Information
Company Name: Lumentum Holdings Inc.
Stock Symbol: LITE
Market: NASDAQ
Website: lumentum.com
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