Coherent is trading $381.48, up 14.14%, as Applied Optoelectronics’ strong quarterly report helps lift related photonics stocks.
- Optical-communications sector peers, including Applied Optoelectronics and Lumentum, are also advancing.
- Market coverage described Coherent’s move as lacking an obvious company-specific catalyst.
- A broader AI-stock recovery and renewed investor appetite for optical networking are supporting the advance.