Ciena's stock rose 4% following a month-long 22.5% selloff in the optics sector, led by strong fiscal Q3 results showing 37% revenue growth and raised guidance for FY26 and FY27. While Corning, a key player in the sector, remains mostly flat, Ciena and Coherent are leading the rebound, indicating the selloff was more about sector contagion than fundamental weakness. The optics sector's uneven recovery suggests selective buying rather than a broad market rally, with investors watching if gains hold and if Corning joins the rebound.
Corning holds the largest market cap in the optics sector at $123.70 billion, with a dividend yield of 0.78%, while Ciena and Coherent have market caps of $45.33 billion and $52.19 billion respectively as of Sep 15, 2026 23:11 WIB. On Pluang, Ciena's stock is up 3.42% at USD 330.57, and Coherent is up 2.06% at USD 272.00, reflecting the ongoing rebound in optics stocks. Corning remains mostly flat, down 0.10% at USD 143.35, consistent with its steady performance noted in the news.
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