Shares of fiber optic connectivity companies are trading lower amid sympathy with Corning after the company reported Q2 financial results and issued Q3 sales guidance with its midpoint below estimates.

Philadelphia Factory Optimism Hits 43-Year Highs: Investors 'MADE' This Trade

Philadelphia Fed factory activity jumped to 47.4 in August versus 25.0 expected, and six-month optimism hit its highest level since 1983.

A 10-Year Treasury Bond Now Pays More Than 118 Of America's Biggest Companies

Only 3.85% of S&P 500 stocks now yield more than the 10-year Treasury, the lowest since May 2007. Benzinga found 118 mega-caps that pay less.

Shares of fiber optic connectivity companies are trading lower as inflation fears and soaring bond yields dampen investor appetite for high-growth stocks that rely heavily on customer capex funded through borrowing. Also, Fabrinet issued Q1 GAAP EPS guidance below estimates.

Watching Amphenol; Hearing Investor Business Daily SwingTrader Sells Stock

Needham Reiterates Buy on Ciena, Maintains $600 Price Target

Needham analyst Ryan Koontz reiterates Ciena (NYSE:CIEN) with a Buy and maintains $600 price target.

Ciena CEO Sells 2,952 Shares for $1.3 Million

Ciena CEO Gary B. Smith sold 2,952 shares worth approximately $1.3 million on August 17, 2026, under a pre-established Rule 10b5-1 trading plan adopted in October 2025. The sale represents only 1% of his total holdings, with the CEO retaining 246,030 shares valued at $109.5 million. The transaction is characterized as routine and non-concerning for investors, occurring after the stock gained 390% over the past 12 months amid strong company performance with 30% revenue growth and 61% expected earnings growth.