Home Technology Stocks Highlight: Lumentum Holdings Inc (NASDAQ:LITE)

Stocks Highlight: Lumentum Holdings Inc (NASDAQ:LITE)

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Shares of Lumentum Holdings Inc (NASDAQ:LITE) ended Wednesday session in red amid volatile trading. The shares closed down -1.25 points or -3.02% at $40.10 with 704,904 shares getting traded. Post opening the session at $41.50, the shares hit an intraday low of $39.30 and an intraday high of $41.99 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $2.41 billion and the number of outstanding shares have been calculated to be 60.09 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at -2.43%, resulting in a performance for the month at 19.35%. Therefore, the stated figure displays a quarterly performance of 14.18% and an annual performance of 100.50% traded down -3.02% on 30 November, 2016 hitting $40.10.

EPS (Earning Per Share )

The EPS of LITE is strolling at 0.05, measuring its EPS growth this year at 6.30%. As a result, the company has an EPS growth of 17.25% for the approaching year.

P/E-P/S-P/B-P/C-P/FCF

LITE P/E ratio is measuring at 742.59 with a forward P/E of 17.00. As of now, Lumentum Holdings Inc has a P/S value of 2.54, measuring P/B at 4.84. Its P/Cash is valued at 14.45 and P/FCF is at 157.49.

ATR/Volatility

Avg. true range is 1.89. Historically, the volatility of this stock is about 3.67% a week and 4.57% a month.

Lumentum Holdings Inc (LITE) introduced recently the T13 Series of 980 nm pump laser modules which are based on an industry-first uncooled distributed feedback (DFB) 980 nm pump laser chip. The T13 family of products combine a high-power DFB diode laser with additional components into an ultra-small form factor, coaxial package. Sample quantities are available now, with volume production in December 2016.

“The T13 Series leverages the same TO-package demonstrated in numerous high-volume consumer applications and establishes the DFB’s future role in compact, reliable 980 nm pump lasers for optical amplification applications,” remarked Jay Skidmore, vice president, research and development, High Power Lasers. “The DFB laser eliminates the external grating needed for conventional pump laser designs that opens a path towards much higher levels of integration. Additional benefits include fiber length reduction, a decrease in the device’s footprint, plus lower power requirements.”

The Lumentum T13 Series, operating up to 200 mW, meets the telecommunications industry’s stringent requirements, counting Telcordia GR-468-CORE for hermetic 980 nm pump modules. The pump modules target single-channel and narrow-band amplifier applications for high-bit-rate transmission modules and CFPx transceivers.