Lumentum up 6% as strategy chief feels ‘a lot better about telecom’

Shares of Lumentum (LITE) are up nearly 6% following an executive presentation at a Barclays conference. At the event, Chris Coldren, the company’s Chief Strategy and Corporate Development Officer stated, according to a transcript: “I feel a lot better about telecom than we have been at least several quarters that we’re starting to see things improve. And hopefully, history repeats as things tend to improve, then they tend to improve faster than you expect.”