Optical communications stocks and related exchange-traded funds moved lower in U.S. premarket trading on Aug. 18, according to market data from BIT (bit.com). Roundhill Light Modulator ETF (LYTE) fell 4.3%, while pure-play photonics ETF FOTO dropped 4.2%. Among individual names, Corning (GLW) declined 4.48%, Coherent (COHR) lost 5.76%, Marvell Technology (MRVL) slid 4.7%, Lumentum Holdings (LITE) fell 4.52%, and Ciena Corporation (CIEN) was down 3.2%. The move reflected broad weakness across the optical communications segment before the U.S. market open.
Optical communications stocks were sharply lower in U.S. premarket trading on Aug. 18, according to market data from BIT (bit.com).
Roundhill Light Modulator ETF (LYTE) fell 4.3%, and the pure-play photonics ETF FOTO was down 4.2%. Corning (GLW) dropped 4.48%, Coherent (COHR) lost 5.76%, Marvell Technology (MRVL) fell 4.7%, Lumentum Holdings (LITE) declined 4.52%, and Ciena Corporation (CIEN) slipped 3.2%.
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