🔴 Optical Cable is trading 5.7% down in pre-market after investors appeared focused on backlog deceleration

Optical Cable is trading 5.7% down at $13.79 after investors appeared focused on sequential backlog deceleration despite strong third-quarter results.

• Revenue rose 22% to $24.3 million; gross margin reached 37.4% and diluted EPS was $0.21, while discussion highlighted softer forward momentum.
• The broader risk-off backdrop, including a 1.78% pre-market Nasdaq decline, added pressure.
• September 11 close gained 2.38%, indicating a positive initial reaction before the September 14 reversal; confidence is medium, with no reliable report attributing the decline to one factor.