Why Is Lumentum Stock Surging on Tuesday?
Lumentum Holdings Inc (NASDAQ: LITE) stock gains Tuesday following a major optical fiber supply deal between Corning and Verizon Communications.
A big company called Corning just made a huge deal to supply fiber-optic cables (the wires that carry super-fast internet) to Verizon. Lumentum stock is going up because investors think this deal might lead to more orders for similar products that Lumentum also makes.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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