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Coherent stock and Lumentum shares set to report earnings next week, Bernstein previews

Tue, 20 Oct 2026 06:44:02 -0400

Investing.com - Coherent (NYSE:COHR) and Lumentum (NASDAQ:LITE) are scheduled to report quarterly earnings next week, with Coherent releasing results on November 4 and Lumentum on November 5, both after market close, according to Bernstein.

Over the past month, Lumentum shares fell 13% and Coherent dropped 28% amid a broader decline in AI-related stocks. Bernstein maintains Outperform ratings on both companies and does not believe recent market catalysts change the fundamental outlook for either stock.

For Coherent's first quarter, Bernstein expects revenues of $2.4 billion and earnings per share of $2.05, above consensus estimates of $2.3 billion and $1.99 respectively. The firm said

Coherent stock and Lumentum shares set to report earnings next week, Bernstein previews

Tue, 20 Oct 2026 06:44:02 -0400

For Coherent's first quarter, Bernstein expects revenues of $2.4 billion and earnings per share of $2.05, above consensus estimates of $2.3 billion and $1.99 respectively. The firm said

Lumentum shares sink amid sector selloff and downgrade

Thu, 15 Oct 2026 09:58:09 -0400

Lumentum stock dropped 10.5% in morning trading on Thursday, marking the fourth consecutive session of losses as AI optical networking stocks faced broad pressure from concerns about rising borrowing costs affecting infrastructure spending.

The decline follows a downgrade by Zacks Research on Wednesday, which moved Lumentum from "Strong Buy" to "Hold." The stock had previously reached a 52-week high of $1,143 before the recent selloff began erasing gains.

Investor attention has also focused on insider selling activity at the company. The chief financial officer reduced his holdings by approximately 25% in recent months, according to regulatory filings.

The optical networking sector has faced

Lumentum shares fall amid AI optical sector repricing

Wed, 14 Oct 2026 10:28:18 -0400

Lumentum Holdings Inc. stock dropped 3.6% in morning trading on Wednesday, reaching $952.22. The decline extends a multi-day retreat that began on October 12, driven by a broader repricing across AI optical networking stocks.

The pullback follows profit-taking after strong year-to-date performance and rising investor questions about the sustainability of hyperscaler AI capital spending at current levels.

Comments from major technology company executives triggered the sector-wide pressure. Broadcom's chief executive stated that capital access, rather than chip supply, now represents the main constraint on AI infrastructure growth. Intel's chief executive pointed to higher borrowing costs and uncertain returns on AI investments as

Lumentum shares fall after hitting 52-week high

Mon, 12 Oct 2026 10:44:21 -0400

Lumentum Holdings Inc. shares dropped 7.5% in morning trading on Monday. The decline came days after the stock reached a 52-week high of $1,143.

The company is participating in the 2026 OCP Global Summit in San Jose. Lumentum is demonstrating PCIe-over-optics connectivity for AI rack-scale architectures alongside Astera Labs and Corning at the event.

CFO Wajid Ali sold 24,542 shares at around $1,048.50 on October 1. The transaction reduced his position in the company.

The stock had risen above the CFO's sale price before Monday's decline.

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum Holdings (NASDAQ: LITE), Astera Labs (NASDAQ: ALAB), and Corning Incorporated (NYSE: GLW) announced a joint demonstration of PCIe-over-optics connectivity for AI rack-scale architectures at the 2026 OCP Global Summit in San Jose, California, running October 12–15.

The rack-level demonstration combines Astera Labs' Scorpio Smart Fabric Switch, Lumentum's 1060 nm VCSEL-based optical interconnect platform, and Corning multimode fiber connectivity. It is on display at Astera Labs booth #B34.

The proof-of-concept system is designed to demonstrate multiple 32 Gb/s NRZ optical channels over Corning multimode fiber and an error-free PCIe-5 link. The optical interconnect uses high-density VCSEL and photodetector arrays with two-dimensional arrays

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum, Astera Labs, Corning demo optical AI rack link

Mon, 12 Oct 2026 06:02:37 -0400

Lumentum, Astera Labs, and Corning to Demonstrate 1060 nm VCSEL-Based PCIe over Optics for AI Rack-Scale Connectivity at the 2026 OCP Global Summit

Mon, 12 Oct 2026 06:00:00 -0400