Lumentum Holdings Inc. (LITE) perpetual market

Lumentum Holdings is a US company that designs and manufactures optical and photonic products used in communications networks and in industrial and consumer applications. It was created in 2015 as a spinoff from JDSU, and its business splits broadly into cloud and networking, where it supplies lasers, optical transceivers and components that move data as light through fiber, and industrial technology, where its lasers are used in manufacturing and its light-source technology has featured in three-dimensional sensing for consumer devices. Lumentum has become a significant beneficiary of the shift toward optical connectivity inside artificial intelligence data centers, which require vast amounts of high-speed interconnect to link processors. The company sells to large network operators, cloud providers and equipment makers, so its results track their capital spending cycles. It trades on the Nasdaq and has been added to major US stock indices.