Rate Of Return
QYLD🌟🌟🌟$Lumentum(LITE.US)and $Coherent Corp.(COHR.US)are 2 top optics stocks I am watching. They recently fell because investors are aggressively taking profits and de-risking ahead of their consecutive earnings report. After a parabolic triple digit runs year todate that was fueled by intense AI data centre demand, the sudden drop offers a great buying opportunity.
Wall Street expects Lumentum to report an EPS consensus of USD 2.97 to USD 2.99 with a skyrocketing revenue estimate of USD 988.56 million for its fiscal Q4 results. This is an explosive 105.7% jump in revenue & an approximate 240% increase in profit compared to same quarter last year.
Are Lumentum and Coherent good buys?
They are fundamentally stellar businesses sitting right at the heart of the AI infrastructure boom. If they beat expectations and provide phenomenal future guidance, today's drop will look like a flash sale.
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