Coherent is expanding its PhotonLink technology from individual components to integrated optical subsystems, which could increase AI system content and customer loyalty. The company has fully booked its FY2027 orders, supported by strong capacity in 1.6T, CPO, and six-inch InP production, indicating another year of substantial growth. FY2026 revenue rose 23% to $7.12 billion, although operating cash flow remains a concern at $80 million. The stock trades near 21 times FY2028 earnings per share, with a base valuation estimate around $396 per share, suggesting potential upside from the current $300 price level.
Coherent's stock price on Pluang reached USD 322.28 as of October 2, 2026, showing a strong 1-day gain of 11.98%. The market capitalization stands at $56.36 billion, reflecting significant investor interest. Trading volume was 5,327,284 shares, with a majority of 67% buy orders, indicating positive sentiment among Pluang users.
Coherent's stock surged 10% following the launch of its PhotonLink platform, designed for AI data centers, and a new Outperform rating from Bernstein. The optics sector also saw gains with Lumentum up 9% and Corning rising 3%, driven by strong demand...
Optics stocks, led by Lumentum Holdings, surged after a sharp selloff triggered by Citi's forecast of an $11 billion optical switching market by 2030. Lumentum rose 7%, supported by strong Q4 FY2026 results and optimistic guidance for Q1 FY2027, refl...
Optics stocks including Coherent, Applied Optoelectronics, and Corning dropped sharply despite Citi's bullish $11 billion optical switching market forecast. The selloff appears driven by profit-taking after these high-beta stocks surged significantly...
