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flag Lumentum's stock surged despite negative financials after BNP Paribas upgraded its rating.

flag Lumentum (LITE) saw its stock jump to $59.51 on Tuesday, up from its close of $57.41 on Monday. flag Despite reporting negative financial metrics, including a net margin of -36.98% and a return on equity of -7.25%, the company has a "Moderate Buy" rating with a target price of $88.33. flag Lumentum's market cap is $4.37 billion. flag BNP Paribas recently upgraded Lumentum's rating to "outperform" with a $92.00 price target.

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