LITE - Lumentum: Because Lasers Have A Bright Future
- During the technology sell-off, Lumentum has not only been outperforming the technology sector, but is also outperforming the S&P 500.
- The reason is because the company has a competitive advantage when it comes to its laser-based 3D-sensing and optical networking solutions.
- Meantime, LITE is using the $217.6 million termination fee from Coherent to help fund its $918 million acquisition of NeoPhotonics.
- While near-term headwinds have damped down LITE's growth, longer-term the company is well positioned to prosper in the large and fast growing optical component/networking market.
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Lumentum: Because Lasers Have A Bright Future