Technology sector

Is Lumentum Holdings Inc (LITE) a good buy in the technology sector?

Lumentum Holdings Inc (LITE) is at the top of the technology sector according to InvestorsObserver. LITE received an overall rating of 82, meaning it scores above 82% of the shares. Additionally, Lumentum Holdings Inc scored a 73 in the technology sector, ranking it above 73% of stocks in that sector.

LITE has an overall score of 82. Find out what this means for you and get the rest of the leaderboard on LITE!

What do these notes mean?

Finding the best stocks can be tricky. It is not easy to compare companies from one sector to another. Even companies in the technology sector can sometimes be difficult to compare. InvestorsObserverThe tools allow for a top-down approach that lets you pick a metric, find the best sector and industry, and then find the best stocks in that sector. This ranking system incorporates many factors used by analysts to compare stocks in more detail. This allows you to find the best stocks available in the technology sector with relative ease. These percentile-ranked scores using both fundamental and technical analysis provide investors with an easy way to see the attractiveness of specific stocks. Stocks with the highest scores have the best valuations by analysts working on Wall Street.

What’s going on with Lumentum Holdings Inc stock today?

Lumentum Holdings Inc (LITE) stock gained 7.15% while the S&P 500 fell -0.35% at 10:23 a.m. Wednesday, May 4. LITE is $5.87 higher than the previous closing price of $82.14 on volume of 775,548 shares. Over the past year, the S&P 500 is -0.09% lower while the LITE is 5.12% higher. LITE has earned $4.96 per share over the past 12 months, giving it a price-earnings ratio of 17.75. Click here for the full Lumentum Holdings Inc. stock report.

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