10-26-2017, 11:00 PM
A strong move up today for Lumentum (LITE +6.3%) may be tied to a strong forecast from Austria-based AMS, Bloomberg notes. Loup Ventures analyst Austin Bohlig says AMS is believed to have a manufacturing relationship with Lumentum for 3-D sensor modules, and a strong AMS forecast is a "great sign" for Lumentum, he tells Bloomberg. AMS said it expected "very strong quarter-on-quarter growth" as optical solution ramps in its consumer business continued at high volumes.