Valued at a market cap of $5.95 billion, Lumentum Holdings (LITE) manufactures and sells optical and photonic products in the U.S. and other international markets. It has two primary business segments: Optical Communications and Commercial Lasers. Optical Communications offers products that enable the transmission of video, audio, and data over fiber optic cables. These products include transponders, transceivers, and transmitter modules, among others, serving customers in end markets such as telecom, data communications, and industrial. Commercial Lasers offers products, such as diode-pumped …