Lumentum Holdings Inc. (LITE Quick QuoteLITE - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $57.05 to $64.05 in the past one-month time frame.

The company has not seen any estimate revisions over the past few weeks, and its Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lumentum Holdings currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Lumentum Holdings Inc. Price and Consensus

Another favorably ranked stock in the Lasers Systems and Components industry is IPG Photonics Corporation (IPGP Quick QuoteIPGP - Free Report) which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LITE going up? Or down? Predict to see what others think: Up or Down

More Stock News: Tech Opportunity Worth $386 Billion in 2017

From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.

Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity.  Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>