LITE Stock Summary and Trading Ideas (Lumentum Holdings | NASDAQ:LITE)

Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are Optical Communications and Commercial Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules, and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

Lumentum Holdings trades on the NASDAQ stock market under the symbol LITE.

As of April 17, 2025, LITE stock price declined to $52.00 with 860,269 million shares trading.

LITE has a beta of 2.65, meaning it tends to be more sensitive to market movements. LITE has a correlation of 0.59 to the broad based SPY ETF.

LITE has a market cap of $3.57 billion. This is considered a Mid Cap stock.

Last quarter Lumentum Holdings reported $402 million in Revenue and $.42 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.06.

In the last 3 years, LITE traded as high as $104.00 and as low as $35.35.

The top ETF exchange traded funds that LITE belongs to (by Net Assets): VTI, IJH, VB, VGT, VXF.

LITE has outperformed the market in the last year with a return of +23.9%, while the SPY ETF gained +6.6%. However, in the most recent history, LITE shares have underperformed the stock market with its stock returning -44.9% in the last 3 month period and -2.7% for the last 2 week period, while SPY has returned -11.6% and -1.9%, respectively.

LITE support price is $48.91 and resistance is $55.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LITE shares will trade within this expected range on the day.