Movement Alert|Lumentum Holdings Rises 3.02% in Pre-Market Trading, Communication Equipment Sector Recovery and NPO Growth Narrative Boost Sentiment

Market Focus06-25

On June 25, Lumentum Holdings rose 3.02% in pre-market trading, trading at approximately $872.00/share, with turnover of $5.23 million.

On the news front, the communication equipment sector continued to recover broadly, with sector peers Applied Optoelectronics up 4.89%, Arista Networks up 3.44%, Ciena up 3.04%, and Nokia up 2.9%, generating a positive linkage effect that lifted individual stocks. Additionally, the company's CEO previously stated at the Mizuho Technology Conference that Near-Packaged Optics (NPO) technology opportunities could be larger than Co-Packaged Optics (CPO), with mass production expected in the second half of 2027 and significantly increased laser demand per rack. This new growth narrative continues to offset market concerns over CPO mass production delays flagged by research firm SemiAnalysis, which noted CPO timelines could slip to 2028-2029 with system-level yields of only approximately 19%.

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