Lumentum Holdings Inc. (LITE)
Technology · Communication Equipment · Data as of 2026-10-22
Bottom line
LITE is trading at a premium to its history, near its historical resistance zone, and recent volume shows no clear direction. Historically, this combination has called for extra caution. Past patterns are not a guarantee of future results.
Valuation — Expensive relative to its own sales history (Red)
LITE isn't profitable yet, so we compare its price-to-sales of 25.1× with its own typical level (3.4×) while revenue grows about 83% a year. Its gross margin is modest (42%), so the sales multiple flatters it — per dollar it actually keeps, the price is 59.9× gross profit. Looking ahead, analysts expect revenue to grow about 57% and on next year's expected revenue the company is valued at 11.9× sales. Despite the accounting losses, it already generates positive free cash flow. Analysts currently expect it to turn profitable around 2027.
Price zones — Near its historical resistance zone (Red)
At $752.54, the stock is close to the upper end of its recent range. Over the past year LITE has traded between $152.54 and $1,143.00; its historical support zone sits near $152.54 and resistance near $786.23. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $152.54–$1,143.00 · 50-day average $927.72 · 200-day average $786.23
Money flow — No clear direction (Yellow)
Buying and selling volume in LITE have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 0.8× volume on down days over the last 30 sessions.
Dividends & company facts
LITE doesn't pay a dividend, but it bought back $85 million of its shares in fiscal 2026, about 0.11% of its market value. Its share count rose 3.6% over the past year.
- Buybacks
- 0.11% (fiscal 2026)
- Shares, past year
- +3.6%
- Revenue, 12 months
- $3.0B
- Profit, 12 months
- $-6935M
- Employees
- 13,757
- CEO
- Michael E. Hurlston
- Headquarters
- San Jose, CA
- Listed since
- 2015 · NASDAQ
About the company
Lumentum Holdings Inc., established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Lumentum operates through two principal business units: Optical Communications (OpComms) and Commercial Lasers.
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一句话结论
LITE 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量没有明确方向。从历史来看，这样的组合需要格外谨慎。过去的形态并不能保证未来的结果。
估值 — 相对自身销售额历史偏高
LITE 目前尚未盈利，因此我们把它 25.1× 的市销率与其自身惯常的水平（3.4×）作比较，同期营收年增长约 83%。它的毛利率一般（42%），因此市销率把它衬得比实际好看——按它真正留下的每一美元来算，价格相当于毛利润的 59.9×。往前看，分析师预计营收将增长约 57%，按明年的预期营收计算，公司的估值相当于销售额的 11.9×。尽管账面上是亏损，它已经能产生正的自由现金流。分析师目前预计它将在 2027 年前后转为盈利。
价格区间 — 接近其历史阻力区
目前价格为 $752.54，接近其近期区间的上沿。过去一年 LITE 的价格在 $152.54 到 $1,143.00 之间波动；其历史支撑区在 $152.54 附近，阻力区在 $786.23 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 方向不明确
LITE 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 0.8×。
股息与公司概况
LITE 不派发股息，但在 2026 财年回购了 8,490万美元 的股票，约占市值的 0.11%。其股数过去一年增加了 3.6%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.