Shares of Coherent fell 11.63% after a strong recent rally, as investors took profits ahead of the company's Q4 FY2026 earnings report scheduled for August 12. The decline is attributed to positioning rather than negative news, supported by options data showing traders buying downside protection. Despite the drop, Coherent's fundamentals remain strong with solid revenue growth and optimistic guidance. The broader optics sector also saw declines after an initial rally, reflecting profit-taking following last week's surge on regulatory news. Investors will watch the upcoming earnings report closely for revenue results and future outlook.
Optics stocks like Corning, Lumentum, Applied Optoelectronics, and Coherent climbed significantly on strong earnings reports and optimistic future demand, especially driven by AI hardware needs. Lumentum and Coherent reported substantial revenue grow...
Lumentum's stock surged 15% after reporting fiscal Q4 2026 revenue of $1.01 billion, more than doubling year-over-year and beating expectations. The company also raised its fiscal Q1 2027 revenue guidance to $1.225-$1.275 billion with EPS of $4.05-$4...
Corning has been upgraded to a 'Buy' rating following two consecutive earnings beats, with Q2 core sales up 17% year-over-year and EPS rising 30%. The company benefits from strong demand in optical and AI data centers, supported by long-term agreemen...
