Top Performing Large-Cap Stocks Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 08 2026
0mins
Should l Buy LITE?
Source: Benzinga
- Lumentum Earnings Beat: Lumentum Holdings Inc. surged 36.02% this week after reporting second-quarter results that exceeded expectations and providing third-quarter guidance above analyst estimates, thereby boosting investor confidence and significantly driving up the stock price.
- Transportation Stocks Rally: Saia, Inc. jumped 23.07% this week, benefiting from declining oil prices, which led to a strong performance across the transportation sector, indicating optimistic market expectations for transportation demand that could enhance future earnings.
- Westlake Stock Increase: Westlake Corporation saw a 19.27% rise in its stock price this week, reflecting positive market sentiment regarding its business outlook, particularly in the context of declining raw material costs that may improve profitability.
- Market Recovery: The strong performance of these stocks indicates a growing investor confidence in economic recovery, especially amid falling oil prices, which could further drive growth in related industries.
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Analyst Views on LITE
Wall Street analysts forecast LITE stock price to fall
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 677.000
Low
147.00
Averages
303.36
High
470.00
Current: 677.000
Low
147.00
Averages
303.36
High
470.00
About LITE
Lumentum Holdings Inc. is a designer and manufacturer of optical and photonic products enabling optical networking and laser applications worldwide. Its segments include Cloud & Networking and Industrial Tech. The Cloud & Networking segment products include a comprehensive portfolio of optical and photonic components, modules, and subsystems supplied to cloud and communications network operators and network equipment manufacturers building cloud data center infrastructure, including products for artificial intelligence and machine learning (AI/ML) and data center interconnect (DCI) applications, and communications service provider networks, including products for access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) network infrastructure. The Industrial Tech segment products include solid-state lasers, kilowatt-class fiber lasers, diode lasers, ultrafast lasers, and gas lasers, which address applications in numerous end-markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Viavi Solutions Inc. Positioned for Optical Infrastructure Growth
- Market Positioning: As of February 19, Viavi Solutions Inc.'s stock traded at $26.33, and with the optical infrastructure transitioning from 800G to 1.6T and 3.2T, the company's role as a validation layer is increasingly critical, positioning it to benefit from rapid industry growth.
- Financial Performance: In fiscal Q2 2026, Viavi reported a 36% year-over-year revenue increase, driven by the acquisition of high-speed Ethernet assets and hyperscaler demand, indicating strong momentum in the AI infrastructure wave.
- Technological Edge: Viavi's ONT-800, ONE LabPro, and MAP-300 platforms are deeply integrated into R&D and manufacturing workflows, meeting the demands of 224G per lane network speeds, ensuring signal integrity and protocol compliance, thereby enhancing the company's competitive position.
- Industry Competition: Despite challenges from larger competitors like Keysight Technologies, Viavi maintains durability and a unique market position in the optics supercycle through its precision optical metrology and entrenched validation workflows.
See More
Lumentum (LITE.US) Executive Plans to Sell $3.66 Million in Common Stock via Form 144
- Stock Sale Announcement: Officer Wajid Ali intends to sell 5,302 shares of its common stock on February 27.
- Market Value: The total market value of the shares to be sold is approximately $3.66 million.
See More
Corning Shares Retreat but Outlook Remains Positive
- Stock Pullback: Corning shares fell approximately 6.5% on Thursday after a four-day rally exceeding 23%, yet the stock remains up over 70% year-to-date, making it one of the top performers in the S&P 500, indicating strong market confidence.
- Analyst Target Increase: Citi raised Corning's price target from $120 to $170, reflecting optimistic growth expectations, while the investment club also increased its target from $140 to $160, showcasing confidence in the company's role in AI infrastructure.
- Fiber Optics Growth: Corning's optical communications segment achieved a 35% revenue growth and a 71% net income increase in 2025, primarily driven by the rising demand for fiber optic cables in data centers, highlighting the company's critical position in the cloud computing market.
- Partnerships with Major Clients: Corning secured a fiber optic cable supply agreement with Meta worth up to $6 billion, with expectations of forming more partnerships with large tech firms, further solidifying its leadership in the fiber optics market.
See More
Stocks Rebound with Strong Performances from Nvidia and Corning
- Market Rebound: Stocks rose on Wednesday, driven by strong performances from Nvidia and Oracle, with Jim Cramer suggesting that Monday's sell-off may have been an overreaction to a Citrini Research report warning that AI could threaten jobs and stock values.
- Corning Price Target Upgrade: Citi raised Corning's price target from $120 to $170 ahead of the upcoming Optical Fiber Communications conference, anticipating significant industry advancements in high bandwidth and AI-driven network architecture.
- Meta Contract Impact: Last month, Meta signed a deal with Corning worth up to $6 billion for fiber-optic cables, which has propelled Corning's stock to new highs on Wednesday, reflecting strong market confidence in its future growth prospects.
- Nvidia Earnings Expectations: Nvidia is set to report earnings after market close, with analysts modeling approximately $66.1 billion in sales and adjusted earnings per share of $1.54, while the market is keenly awaiting updates on its sales to China, which could provide additional upside for the company.
See More
Morgan Stanley Optimistic on Optical Market Growth
- Market Growth Outlook: Morgan Stanley forecasts that the optical market will grow from approximately $30 billion in 2025 to over $65 billion by 2028, reflecting accelerated investments in AI data centers and increased speeds.
- Investor Confidence Boost: Lumentum's stock rose nearly 1% in overnight trading, and if momentum continues into Tuesday, it will mark a fourth consecutive day of gains, indicating strong optimism among investors and retail traders regarding the company's AI investments.
- Analyst Ratings Positive: Wall Street analysts have an average rating of 'Strong Buy' for Lumentum, with 18 out of 22 analysts rating it 'Buy' or higher, showcasing confidence in the company's future performance.
- Retail Sentiment Shift: According to Stocktwits data, retail sentiment on Lumentum has shifted from 'bearish' a month ago to 'bullish', indicating an increasing expectation for AI optical demand.
See More
Lumentum's 2027 Key Inflection Year Highlighted by GF Securities
- Price Target Increase: GF Securities raised Lumentum's price target to $765, with analyst Jeff Pu highlighting 2027 as a key inflection year driven by CPO/NPO adoption, which is expected to significantly boost company performance.
- Laser Revenue Projections: Total CPO/NPO laser revenue is projected to reach approximately $124 million, $500 million, and $1.7 billion in 2026, 2027, and 2028, respectively, representing year-over-year growth rates of 389%, 305%, and 245%, accounting for 3%, 9%, and 20% of total revenue.
- Scale-Out Opportunities: Approximately 80,000 NVIDIA CPO switches in 2027 are expected to generate around $273 million in CW laser revenue, with additional upside anticipated from 3.2T ramps in 2028, indicating strong market demand.
- Long-Term Revenue Potential: The potential adoption of CPO/NPO in Rubin Ultra and future platforms is expected to offer a long-term annual revenue opportunity exceeding $1 billion, with volume ramp-up starting in late 2027, further strengthening the company's market position.
See More
Viavi Solutions Inc. Positioned for Optical Infrastructure Growth
- Market Positioning: As of February 19, Viavi Solutions Inc.'s stock traded at $26.33, and with the optical infrastructure transitioning from 800G to 1.6T and 3.2T, the company's role as a validation layer is increasingly critical, positioning it to benefit from rapid industry growth.
- Financial Performance: In fiscal Q2 2026, Viavi reported a 36% year-over-year revenue increase, driven by the acquisition of high-speed Ethernet assets and hyperscaler demand, indicating strong momentum in the AI infrastructure wave.
- Technological Edge: Viavi's ONT-800, ONE LabPro, and MAP-300 platforms are deeply integrated into R&D and manufacturing workflows, meeting the demands of 224G per lane network speeds, ensuring signal integrity and protocol compliance, thereby enhancing the company's competitive position.
- Industry Competition: Despite challenges from larger competitors like Keysight Technologies, Viavi maintains durability and a unique market position in the optics supercycle through its precision optical metrology and entrenched validation workflows.
See More
Lumentum (LITE.US) Executive Plans to Sell $3.66 Million in Common Stock via Form 144
- Stock Sale Announcement: Officer Wajid Ali intends to sell 5,302 shares of its common stock on February 27.
- Market Value: The total market value of the shares to be sold is approximately $3.66 million.
See More
Corning Shares Retreat but Outlook Remains Positive
- Stock Pullback: Corning shares fell approximately 6.5% on Thursday after a four-day rally exceeding 23%, yet the stock remains up over 70% year-to-date, making it one of the top performers in the S&P 500, indicating strong market confidence.
- Analyst Target Increase: Citi raised Corning's price target from $120 to $170, reflecting optimistic growth expectations, while the investment club also increased its target from $140 to $160, showcasing confidence in the company's role in AI infrastructure.
- Fiber Optics Growth: Corning's optical communications segment achieved a 35% revenue growth and a 71% net income increase in 2025, primarily driven by the rising demand for fiber optic cables in data centers, highlighting the company's critical position in the cloud computing market.
- Partnerships with Major Clients: Corning secured a fiber optic cable supply agreement with Meta worth up to $6 billion, with expectations of forming more partnerships with large tech firms, further solidifying its leadership in the fiber optics market.
See More
Stocks Rebound with Strong Performances from Nvidia and Corning
- Market Rebound: Stocks rose on Wednesday, driven by strong performances from Nvidia and Oracle, with Jim Cramer suggesting that Monday's sell-off may have been an overreaction to a Citrini Research report warning that AI could threaten jobs and stock values.
- Corning Price Target Upgrade: Citi raised Corning's price target from $120 to $170 ahead of the upcoming Optical Fiber Communications conference, anticipating significant industry advancements in high bandwidth and AI-driven network architecture.
- Meta Contract Impact: Last month, Meta signed a deal with Corning worth up to $6 billion for fiber-optic cables, which has propelled Corning's stock to new highs on Wednesday, reflecting strong market confidence in its future growth prospects.
- Nvidia Earnings Expectations: Nvidia is set to report earnings after market close, with analysts modeling approximately $66.1 billion in sales and adjusted earnings per share of $1.54, while the market is keenly awaiting updates on its sales to China, which could provide additional upside for the company.
See More
Morgan Stanley Optimistic on Optical Market Growth
- Market Growth Outlook: Morgan Stanley forecasts that the optical market will grow from approximately $30 billion in 2025 to over $65 billion by 2028, reflecting accelerated investments in AI data centers and increased speeds.
- Investor Confidence Boost: Lumentum's stock rose nearly 1% in overnight trading, and if momentum continues into Tuesday, it will mark a fourth consecutive day of gains, indicating strong optimism among investors and retail traders regarding the company's AI investments.
- Analyst Ratings Positive: Wall Street analysts have an average rating of 'Strong Buy' for Lumentum, with 18 out of 22 analysts rating it 'Buy' or higher, showcasing confidence in the company's future performance.
- Retail Sentiment Shift: According to Stocktwits data, retail sentiment on Lumentum has shifted from 'bearish' a month ago to 'bullish', indicating an increasing expectation for AI optical demand.
See More
Lumentum's 2027 Key Inflection Year Highlighted by GF Securities
- Price Target Increase: GF Securities raised Lumentum's price target to $765, with analyst Jeff Pu highlighting 2027 as a key inflection year driven by CPO/NPO adoption, which is expected to significantly boost company performance.
- Laser Revenue Projections: Total CPO/NPO laser revenue is projected to reach approximately $124 million, $500 million, and $1.7 billion in 2026, 2027, and 2028, respectively, representing year-over-year growth rates of 389%, 305%, and 245%, accounting for 3%, 9%, and 20% of total revenue.
- Scale-Out Opportunities: Approximately 80,000 NVIDIA CPO switches in 2027 are expected to generate around $273 million in CW laser revenue, with additional upside anticipated from 3.2T ramps in 2028, indicating strong market demand.
- Long-Term Revenue Potential: The potential adoption of CPO/NPO in Rubin Ultra and future platforms is expected to offer a long-term annual revenue opportunity exceeding $1 billion, with volume ramp-up starting in late 2027, further strengthening the company's market position.
See More
