Moderna, JFrog, TransMedics, Ubiquiti And Other Big Stocks Moving Higher On Friday
U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
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Coherent Corp. has signed a long-term supply agreement with Guangdong Xianrui Technology, a subsidiary of Guangzhi Technology, for 6-inch indium phosphide substrates.
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U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
Coherent Corp. reported fiscal first-quarter 2027 results and announced a new $20 billion, five-year long-term agreement (LTA) for its PhotonLink platform with an AI data center customer.
Multiple financial institutions, including BofA, Needham, Stifel, Raymond James, and Citigroup, updated their price targets for Coherent Corp. on November 5, 2026.
Major U.S. indices closed sharply higher, with the Dow Jones Industrial Average surging 3.03% to 53,356.12.
Coherent Corp. announced its fiscal 2027 first-quarter results, reporting revenue of $2.37 billion and non-GAAP EPS of $2.09, both exceeding analyst expectations.