Applied Optoelectronics Surges 13% Following Key Quarterly Results; Coherent Rises 13%, Lumentum Gains 8%
Optics and photonics stocks experienced significant gains in Friday's trading session, with Applied Optoelectronics (NASDAQ:AAOI) leading the charge, rising 13% to $140.72 after the release of its latest quarterly earnings report. Coherent (NYSE:COHR) also saw a 13% increase, reaching $379.26, while Lumentum (NASDAQ:LITE) climbed 8% to $908.11 as investors continue to drive momentum across the optical communications sector.
Optics and photonics stocks experienced significant gains in Friday's trading session, with Applied Optoelectronics (NASDAQ:AAOI) leading the charge, rising 13% to $140.72 after the release of its latest quarterly earnings report. Coherent (NYSE:COHR) also saw a 13% increase, reaching $379.26, while Lumentum (NASDAQ:LITE) climbed 8% to $908.11 as investors continue to drive momentum across the optical communications sector.
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