🟢 Optical Networking ETF (LITX) is trading 3.54% up today after reassessment of Lumentum’s FY2028 EPS target

LITX is trading at $26.65 (+3.54%) as investors reassess Lumentum’s $40 FY2028 EPS target.

• Its leveraged structure is rebounding after falling 19.46% on September 14, amplifying optical-networking volatility.
• The reassessment includes execution risks; Lumentum’s target was recently highlighted at the Citi 2026 Global TMT Conference.
• Today’s gain appears to be a sector-level relief move rather than a new positive fundamental catalyst. The broader market remains under pressure as investors await the Federal Reserve’s September 16 decision amid AI anxiety, sharply higher Treasury yields, and elevated oil prices.