Key Takeaways

• Lumentum rose 11% in a week on an optics rebound and a Bloomberg report that Marvell Technology is in advanced talks to buy it.
• A deal reportedly paid in Marvell stock would tie any premium to Marvell’s share price.
• Coherent would be the big laser supplier not controlled by a chip designer.
• Analysts expect Lumentum’s EPS to roughly quadruple by fiscal 2028, and its Nov. 5 report matters more than the deal.

Lumentum (LITE) stock is up 11% in the past week:

Optics stocks rebounded, then Bloomberg reported that Marvell Technology (MRVL) is in advanced talks to buy Lumentum. That would leave Coherent (COHR) as the big laser supplier not controlled by a chip…