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Lumentum Holdings Inc. (LITE)

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$152.78
-11.21 (-6.84%)
Market Cap

$10.6B

P/E Ratio

409.4

Div Yield

0.00%

52W Range

$49.56 - $171.50

Company Profile

At a glance

• Lumentum is strategically pivoting to capitalize on the explosive growth in Cloud and AI markets, leveraging its differentiated optical and photonic technologies to address critical connectivity and power challenges.

• Recent financial performance shows a strong rebound in the Cloud Networking segment, driven by robust hyperscale demand, improving network equipment manufacturer trends, and initial contributions from the Cloud Light acquisition.

• The company is aggressively expanding manufacturing capacity for key components like EML lasers and high-speed transceivers outside of China to meet surging demand and enhance supply chain resilience, despite near-term allocation constraints for EMLs.

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