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 investor sentiment ahead of upcoming quarterly earnings reports. Despite strong demand and sold-out order books, concerns about capacity and execution risks weigh on these stocks. Investors await earnings to see if supply can keep pace with demand in this fast-growing sector.
Following the tech selloff highlighted in the news, Coherent shares have dropped 12.62% on Pluang, trading at USD 207.56 as of Oct 23, 2026 00:21 WIB. Applied Optoelectronics also fell sharply by 12.25%, priced at USD 67.85, while Lumentum declined 9.89% to USD 766.54. Despite heavy selling pressure on Coherent with 60% sell orders, Applied Optoelectronics and Lumentum see more buying interest at 74% and 94% buy orders respectively on Pluang.
Jefferies analyst Blayne Curtis increased the price target for Lumentum from $1,200 to $1,250, reflecting optimism about the optics sector ahead of earnings reports. Lumentum, which produces optical products for communication networks, saw its stock ...
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Optics stocks including Applied Optoelectronics, Lumentum, and Coherent rose between 2% and 5% ahead of their November earnings reports, driven by strong demand for AI-related optical components. Lumentum's CEO highlighted multiyear sell-out conditio...
