Coherent Corp is expanding its production capacity and launching new products to meet growing AI-driven demand in optical networking. The ongoing Marvell-Lumentum merger distracts a key competitor for over 18 months, giving Coherent a strategic advantage to capture business from hyperscalers and cloud providers. The company projects quarterly sales to increase from $2 billion in late 2026 to $3 billion by the end of fiscal 2027, with analysts expecting earnings per share near $14 in fiscal 2028. Despite strong growth prospects, Coherent's stock trades at a relatively low valuation of 14 times projected FY28 earnings, indicating potential undervaluation.
Coherent (COHR) shares rose 5.26% to USD 210.47 as of Nov 03, 2026 23:31 WIB on Pluang, showing strong investor interest. Lumentum (LITE) fell 1.59% to USD 673.52, with 70% of Pluang orders selling. Coherent's market cap stands at $39.38B, reflecting its growing role in optical networking amid the Lumentum-Marvell merger distraction.
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. Appl...
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....
