Why Is Coherent Stock Surging Thursday?
Coherent stock surged 2.8% premarket following Nvidia's upbeat AI outlook. Analysts maintain a Buy rating with a $402 average target.
Read original at benzingaStocks · News reference
Shares of fiber optic connectivity companies are trading lower. Investors may be selling the sector following Coherent and Lumentum better-than-expected Q4 financial results and strong guidance amid an assessment over valuations, rising expectations and growing capex outlays.
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