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Lumentum Holdings ( (LITE) ) just unveiled an update.
Lumentum Holdings Inc. has appointed Paul Lundstrom to its Board of Directors, expanding its membership to nine, with eight being independent. Lundstrom, currently CFO at Copeland, brings extensive experience in corporate finance, manufacturing, and business transformation, which is expected to support Lumentum’s long-term growth strategy and enhance shareholder value amidst the booming demand for photonic technologies in AI and cloud infrastructure.
More about Lumentum Holdings
Lumentum Holdings Inc. is a market-leading designer and manufacturer of innovative optical and photonic products used in cloud, optical networking, and laser applications worldwide. Their products are integral to data centers, telecom, and enterprise networks, with applications extending to advanced manufacturing techniques and next-generation 3D sensing capabilities. The company is headquartered in San Jose, California, with a global presence in R&D, manufacturing, and sales.
YTD Price Performance: 68.26%
Average Trading Volume: 1,783,968
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.06B
See more data about LITE stock on TipRanks’ Stock Analysis page.
