Sell LITE by Jul 4, 2026.

# Lumentum (LITE): Great Business, Stock Too Far Ahead Lumentum is no longer just an optical components company serving legacy networking markets. The business is increasingly being repriced as a critical supplier to the AI infrastructure buildout, especially where speed, bandwidth, power efficiency, and optical connectivity start to become bottlenecks. That shift is real. Over the last several quarters, Lumentum’s earnings profile has changed materially. Non-GAAP diluted earnings per share increased from **$0.57** in fiscal Q3 2025 to **$1.67** in …