Optical communications names in the U.S. stock market moved lower on Aug. 18, according to market data from BIT (bit.com). The declines spread across both sector ETFs and individual stocks. Roundhill Optical Communications ETF (LYTE) fell 8.27%, while Pure Photonics ETF FOTO dropped 10.07%. Among individual names, Optoelectronics (AAOI) lost 11.77%, Coherent (COHR) slipped 11.76%, and Ciena Corporation (CIEN) was down 9.94%. Corning (GLW), Marvell Technology (MRVL), and Lumentum Holdings (LITE) also posted losses ranging from 7.65% to 9.05%. The move points to broader weakness across the optical communications segment during the session.
U.S. optical communications stocks extended their declines on Aug. 18, according to market data from BIT (bit.com).
Roundhill Optical Communications ETF (LYTE) fell 8.27%, and Pure Photonics ETF FOTO dropped 10.07%. Among individual stocks, Optoelectronics (AAOI) was down 11.77%, Corning (GLW) fell 7.72%, Coherent (COHR) lost 11.76%, Marvell Technology (MRVL) slipped 7.65%, Lumentum Holdings (LITE) declined 9.05%, and Ciena Corporation (CIEN) dropped 9.94%.
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