Shares of fiber optic connectivity companies are trading higher amid sympathy with Lumentum Holdings after the company reported better-than-expected Q4 financial results and issued Q1 guidance above estimates.

AllianceBernstein Maintains Buy Rating on Ciena Corporation

Analyst Daniel Zhu of AllianceBernstein has reaffirmed a bullish rating on Ciena Corporation, maintaining a price target of $440.

Shares of fiber-optic connectivity companies are trading higher amid a rebound in AI infrastructure related stocks. Also, reports suggest that the global optical fiber market may face a 2026 supply shortage of over 150 million fiber-kilometers, which could underpin demand optimism.

Chip Stocks Endure Longest Losing Streak Since 2006 as CoreWeave Credit Concerns Mount: This Week on Wall Street

The iShares Semiconductor ETF is on a nine-session losing run unseen since May 2006, as the KOSPI posts its worst week since 2008, optical names suffer dot-com-era drops and Bank of America sees a Cisco echo.

Shares of fiber-optic connectivity companies are trading lower as elevated Treasury yields and increased Fed rate-hike expectations following this week's latest inflation data weigh on technology stocks. Elevated borrowing costs could pressure AI infrastructure spending plans, raising concerns about future demand for fiber-optic equipment and connectivity solutions.

Needham & Co. Adjusts Coherent Corp. Price Target to $380 from $420

Needham & Co. has revised its price target for Coherent Corp. shares, lowering it from $420 to $380.

Nasdaq 100 Rallies on Chip Rebound; Brazil ETF Sinks 21%: Stock Market Today

The Nasdaq 100 gains 1.2% as chipmakers rebound and Tesla jumps on an upgrade, while Brazil's EWZ sinks 21.7% after Lula's win. Yields ease.