🟢 Coherent is trading 4.36% up in pre-market after Applied Optoelectronics’ strong quarterly report lifted peers

Coherent is trading 4.36% up at $395.65 after Applied Optoelectronics’ strong quarterly report lifted optical-communications peers.

• The photonics sector extended Friday’s rally, lifting peers including Lumentum.
• Investors anticipate Coherent’s fiscal fourth-quarter results scheduled for August 12.
• Broader risk-on sentiment and firmer technology futures may provide additional support, but sector-wide momentum is the clearest catalyst.