Lumentum Holdings Inc. (LITE) Soars 5.55% on March 09

Equities Staff  |

Lumentum Holdings Inc. (LITE) had a good day on the market for Friday March 09 as shares jumped 5.55% to close at $68.98. About 2.55 million shares traded hands on 19,330 trades for the day, compared with an average daily volume of 2.4 million shares out of a total float of 62.4 million. After opening the trading day at $65.90, shares of Lumentum Holdings Inc. stayed within a range of $69.25 to $65.75.

With today's gains, Lumentum Holdings Inc. now has a market cap of $4.3 billion.

The stock has a P/E Ratio of 45.1. Shares of Lumentum Holdings Inc. have been trading within a range of $68.63 and $40.35 over the last year, and it had a 50-day SMA of $53.31 and a 200-day SMA of $56.63.

Lumentum Holdings Inc offers optical and photonic products addressing end markets including data communications and telecommunications networking and industrial and commercial lasers for manufacturing, inspection and life-science applications.

Lumentum Holdings Inc. is based out of Milpitas, CA and has some 2,057 employees. Its CEO is Alan S. Lowe.

For a complete fundamental analysis of Lumentum Holdings Inc., check out’s Stock Valuation Analysis report for LITE.

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Lumentum Holdings Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Lumentum Holdings Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LITE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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