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Actionable news in LITE: LUMENTUM HOLDINGS Inc COMMON STOCK,

Is Optical and Photonics Products Maker Lumentum a Buy Right Now?

The optical-technology sector has seen sharp growth, with stocks such as Lumentum Holdings (LITE) , Fabrinet, NeoPhotonics and Oclaro delivering great returns this year.

The group's success is due to burgeoning Chinese demand and massive upgrades in data communications (10G/40G). Given this context and elevated earnings growth expectations this year, Lumentum is trading at an exorbitant price, exposing the stock to downside risk.

Are there better places to invest right...

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