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Data Stocks Soar: LITE & SanDisk Surge, But Caution Ahead
21 Nov
Summary
- Lumentum shares surged 24% following strong earnings, beating revenue estimates.
- SanDisk stock climbed over 15% on its earnings release, with revenue up 23%.
- Analysts express concern over potential downside for both Lumentum and SanDisk.
Tech stock Lumentum (LITE) saw its shares catapult nearly 24% after releasing robust financial results. The company reported a 58% revenue increase to $543 million, surpassing estimates, and its adjusted earnings per share also exceeded expectations. This surge has contributed to an 188% rise in Lumentum shares throughout 2025.
SanDisk (SNDK), another key player, has experienced an extraordinary surge of nearly 500% in the past three months. On November 7, its shares popped over 15% following an earnings announcement that revealed a 23% revenue increase to $2.31 billion, significantly beating analyst projections.
Despite these impressive performances, Wall Street analysts are expressing growing caution. While some price targets suggest potential upside, the consensus targets for both Lumentum and SanDisk imply a possible downside, raising concerns about their current valuations and future trajectory.
