Analyst explains why optical stocks are moving higher
Published . Updated .
Investing.com -- In a note on Tuesday, Evercore ISI highlighted three reasons why optical stocks are rallying, with Lumentum (NASDAQ: LITE) and Ciena (NYSE: CIEN), Coherent (NYSE: COHR) and Nokia (NYSE: NOK) all gaining on Monday.
Directly affected
- LITE Lumentum Holdings-2.4% 30d
Named in this report.
- CIEN Ciena+4.4% 30d
Named in this report.
- COHR Coherent-18.3% 30d
Named in this report.
- NOK Nokia
Named in this report.
- EVR Evercore-5.0% 30d
Named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF-1.7% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- QQQ Invesco QQQ+0.4% 17d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- XLK Technology Select Sector SPDR+9.1% 16d
Technology Select Sector SPDR holds the technology sector that Ciena belongs to, so it often moves with news about it.
- FN Fabrinet+19.4% 10d
Fabrinet is a peer of Ciena in telephone and telegraph apparatus; rivals often move on the same news.
- QCOM Qualcomm-4.4% 30d
Qualcomm is a large technology company like Ciena; big names in a sector often move together.
- MSI Motorola Solutions
Motorola Solutions is a large technology company like Ciena; big names in a sector often move together.
- PL Planet Labs PBC
Planet Labs PBC is a large technology company like Ciena; big names in a sector often move together.
- ERIC Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) is a large technology company like Ciena; big names in a sector often move together.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| LITEPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| CIENPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| COHRPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| NOKPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| EVRPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| DIAPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| QQQ | +0.72% | -1.06% | base | +1.00% | after close | after close | after close |
| XLKPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| FNPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| QCOMPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| MSIPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| PLPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| ERICPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Analyst explains why optical stocks are moving higher Yahoo Finance Singapore
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| QQQ | that day | +1.00% | still updating |
| QQQ | three days earlier | -1.06% | final price |
| QQQ | five days earlier | +0.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, sold Ciena (CIEN), worth $1,001 - $15,000 on 24 Aug 2026. That is 64 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Ciena (CIEN), worth $250,001 - $500,000 on 21 Aug 2026. That is 67 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Coherent (COHR) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 32 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Coherent (COHR) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Coherent (COHR) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 53 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a spouse), worth $15,001 - $50,000 on 24 Aug 2026. That is 64 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Motorola Solutions (MSI) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 32 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Motorola Solutions (MSI), worth $50,001 - $100,000 on 31 Jul 2026. That is 88 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
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