Lumentum Holdings Inc: Why LITE Stock Is Cheap and a Double Is a Real Possibility
LITE Stock Is Way Too Cheap
The battering ram from the December selling capitulation left a nasty mark on many technology growth stocks. And while some feel it's time to exit, my view is that it's a pretty decent time to put together a list of battered stocks to look at.
A mid-cap stock you may want to include on your watchlist is Lumentum Holdings Inc (NASDAQ:LITE), down 25% over the past three months and hemorrhaging well below its 52-week high of $74.40 in March 2018.
For those of you who are not familiar with Lumentum, the company develops optical, photonics, and 3D sensing technology.
Those that follow LITE stock also know the company provides some.
The post Lumentum Holdings Inc: Why LITE Stock Is Cheap and a Double Is a Real Possibility appeared first on Profit Confidential.