StocksMedium•3 November 2026•
1 min read
Optical Networking Stocks Rebound Led by Coherent Ahead of Earnings
Key Facts
1Coherent stock rose 6% to $210.98 one day before its scheduled earnings report.
2The optical sector saw a collective rebound with Applied Optoelectronics gaining 5% and Lumentum also ticking higher.
Coherent stock rose 6% to $210.98 during the morning session, one day before its scheduled earnings report. 24/7 Wall St. reported that the optical networking sector saw a collective rebound from a recent sell-off, with Applied Optoelectronics gaining 5% and Lumentum also ticking higher.
Coherent closed at $199.95 on November 2, 2026, while Applied Optoelectronics closed at $62.5 and Lumentum at $684.4 on the same date. This recovery follows a move by Northland to upgrade Coherent to Outperform with a $280 price target on November 2, 2026, as investors shift positioning ahead of the company's Q1 FY2027 financial results.