<div id="readability-page-1"><p>03:10 PM EST, 12/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We raise our 12-month target price by $100 to $450, 55.0x our FY 27 (Jun.) EPS estimate, a premium to its 10-year historical average P/E at 51.1x. We increase our FY 26 EPS estimate by $0.05 to $5.69 and raise FY 27's by $0.19 to $8.18. LITE identified significant opportunities in AI infrastructure, highlighting that a substantial portion of its revenue is now driven by demand for laser chips and optical transceivers used inside data centers, as well as interconnect and long-haul networks supporting AI workloads. The company estimates that over 60% of its total revenue is now associated with cloud and AI infrastructure, supplied directly to hyperscale customers and indirectly through network equipment and optical transceiver manufacturers integrating LITE's products into their solutions.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

LITE

<p>CFRA maintains a Buy opinion on Lumentum Holdings Inc., raising the 12-month target price to $450, reflecting a 55.0x FY 27 EPS estimate. FY 26 and FY 27 EPS estimates are increased to $5.69 and $8.18, respectively. Lumentum sees significant opportunities in AI infrastructure, with over 60% of revenue linked to cloud and AI, driven by demand for laser chips and optical transceivers.</p>

Research Alert: CFRA Maintains Buy Opinion On Shares Of Lumentum Holdings Inc.