Optical communications and photonic product maker LITE had a gap up yesterday on a strong earnings report. It then closed in the lower half of its trading range. Apple's iPhone 8 smartphone will include a 3D-sensing module to enable augmented-reality applications. I would therefore imagine that Android type phones as well as other devices, none of which are not as far along as the iPhone 8 in this regard, would start to include such modules. It has been suggested therefore that LITE is in an excellent position to win some major contracts.
Buyable Gap Up - LITE 5-5-17
|Published:||5 May 2017 17:13 ET|
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