Optical networking stocks are recovering sharply, led by Coherent, which rose 6% before its critical earnings report expected on November 4. Despite this rebound, Coherent's stock is still down 37% over the past month, reflecting market caution. Applied Optoelectronics also gained 5%, while Lumentum's stock edged up 0.8% as it awaits a takeover by Marvell Technology. Analysts upgraded Coherent and Applied Optoelectronics, citing strong demand for optical components in AI data centers. Coherent's upcoming earnings will test if the recovery is sustainable, with investors watching for revenue and earnings within guided ranges and any outlook revisions.
As Coherent prepares for its earnings report, the stock is up 5.53% at USD 211.00 on Pluang as of Nov 03, 2026 23:01 WIB, showing strong investor interest with 59% buy orders. Applied Optoelectronics also sees buying momentum, rising 3.70% to USD 64.81, while Lumentum is slightly down 0.53% at USD 680.77 with a majority of sell orders. This trading activity highlights mixed sentiment in optical networking stocks ahead of key corporate events.
Coherent's stock has been upgraded to Strong Buy following a significant 44% correction, which has removed valuation risks while the company's fundamentals remain strong. The stock now trades at about 15 times forward EV/EBITDA, near lows seen before...
Coherent Corp's stock fell over 50%, but its Q4 FY26 revenue grew 34% year-over-year, driven by a 66% increase in data center revenue and improved gross margins. The company intentionally built inventory to support expected AI data center growth and ...
AI optics stocks including Applied Optoelectronics, Coherent, Lumentum, and Marvell fell between 10% and 15% following concerns about hyperscaler spending after Google's market value dropped by over $500 billion due to higher-than-expected cash burn....
