Lumentum Holdings led the S&P 500 gainers on Monday with its stock rising 8.2%, signaling a rebound in optical stocks after recent declines. Other optical companies like Coherent and Ciena also saw significant gains, climbing 5.8% and 4.9% respectively. This recovery follows positive market sentiment triggered by Anthropic's IPO filing and other favorable news in the tech sector. The rally suggests renewed investor confidence in optical connectivity firms.
As of Oct 27, 2026 04:21 WIB, Lumentum (LITE) trades at USD 823.50, up 8.90% on Pluang, nearing its 52-week high of $1.13K but still far above its 52-week low of $179.30. Coherent (COHR) follows with a 6.54% gain at USD 222.98, positioned closer to its 52-week low of $128.70 than its high of $426.89. Meanwhile, Ciena (CIEN) is up 5.62% at USD 338.27, also nearer to its 52-week low of $176.45 than its peak of $627.00. This contrast highlights varying recovery stages among optical stocks on Pluang.
Lumentum is experiencing unprecedented demand fueled by AI-driven compute growth and its strong position in advanced lasers. However, its expansion is constrained by limited indium phosphide fabrication capacity. Management aims for $40 adjusted EPS ...
StoneX initiated coverage of Lumentum with a Buy rating and a $1,200 price target, driving an 8% jump in Lumentum shares. This boost lifted other optical networking stocks like Applied Optoelectronics and Coherent by around 6%, signaling renewed inve...
Optical networking stocks, key players in AI data-center connectivity, have sharply declined with Coherent down 12%, Applied Optoelectronics down 10%, and Lumentum down 9%. This selloff reflects broader tech weakness led by chipmakers and cautious in...
