Investing.com -- Mizuho highlighted an optical components maker in a note Tuesday, telling investors it would be a buyer of the company ahead of its fiscal fourth-quarter results on Aug. 11. Mizuho reiterated June-quarter revenue and earnings estimates of $986 million and $2.95, with revenue up 23% quarter over quarter, and models the September quarter at $1.13 billion. Rakesh noted Lumentum is up roughly four times since November 2025 but down about 27% from its peak, versus a smaller decline in the SOX index, adding that he would buy into earnings "with strong 2H26E momentum." The $1,100 target represents 33 times fiscal 2028 estimated earnings, implying an attractive 0.4 times PEG. Related articlesBuy this stock ahead of Q2 earnings: MizuhoBlackstone reportedly mulls second debt package for Anthropic chip dealBofA sees an "enhanced buying opportunity" in this memory stock