Better Buy: Lumentum vs. IIVI

Better Buy: Lumentum vs. IIVI

In an increasingly connected world, industrial lasers and photonics hold a lot of promise. Modern networking systems and devices make use of these technologies, and Lumentum (NASDAQ: LITE) and II-VI (NASDAQ: IIVI) have done well in recent years as a result -- even though demand from some customers may be drying up this year. As technology component manufacturers, Lumentum and II-VI have highly cyclical businesses that are sensitive to customer demand.