Why LITE Stock advanced +0.61% Today — RQD Quant Desk Flash

Techs led another stock market sell-off. It's a time to be defensive. Apple, Palantir, jobs and midterm elections loom.

Lumentum jumped 15% in after-hours trading on October 28 after reports that Marvell is in late-stage talks to acquire the company, with a deal potentially possible as soon as early November.

Key TakeawaysMarvell stock is down 41% from its June high after reports that it’s in advanced talks to buy Lumentum, reportedly in an all-stock deal. Piper Sandler kept its Overweight rating and $400 target, 104% above t

Key TakeawaysMarvell Technology fell 14% in the past week on reported Lumentum talks, then in a chip selloff after Intel’s weak outlook. Lumentum’s lasers would make Marvell a bigger Broadcom rival and give Coherent a co

Lumentum is rated a Buy on the expectations margin expansion due to higher prices from sold-out capacity. Read more for an investing guidance in LITE.

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Key Stats for Coherent StockCurrent Price: $210. 32Target Price (Mid): ~$794Street Target: ~$394Potential Total Return: ~278%Annualized IRR: ~33% / yearWhat Happened?Coherent (COHR:NYSE) fell 11.

When St. Louis Fed chief Alberto Musalem and Dallas Fed’s Lorie Logan both pointed to more rate hikes ahead, the message was simple. Money is not cheap and capital will stay picky. That puts more focus on real infrastruc

Techs led another stock market sell-off. It's a time to be defensive. Apple, Palantir, jobs and midterm elections loom.

BofA upgraded Marvell into a brutal slide and the stock went on a wild ride that has left investors wondering whether the latest pullback is another gift or the beginning of something worse.