Lumentum Surges 70% in 6 Months: Time to Hold or Fold the Stock?

Lumentum (LITE) , known for its laser technologies and applications, has been demonstrating remarkable momentum with its shares surging 70.4% in the past six months, outperforming the broader Zacks Computer and Technology sector’s return of 6.6%. Over the same time frame, it also outperformed the Lasers Systems and Components industry and its peers, including IPG Photonics (IPGP) and Microvision (MVIS) .In the past six months, shares of MVIS have gained 28.6%, while shares of IPGP have lost 17.4%. The indus ...