The optical communications sector rose collectively during the overnight session, with most constituents posting gains. As of press time, mainstream tickers in the sector generally strengthened, with AXTI and NOK leading the advance, both up 2.74%. LITE, AAOI and other stocks also moved higher, indicating continued investor interest in the optical communications field. Overnight trading was relatively active, with the sector showing a broad-based rally pattern.
Specifically, LITE traded at $857.490 in the overnight session, up 2.21% from the previous close of $838.960; AXTI at $59.280, up 2.74% from $57.700; GLW at $146.020, up 1.71% from $143.570; COHR at $276.100, up 1.82% from $271.170; MRVL at $225.430, up 1.68% from $221.700; NOK at $10.110, up 2.74% from $9.840; AAOI at $97.600, up 2.42% from $95.290; POET at $7.290, up 1.11% from $7.210.
On the derivative ticker front, LITX rose 4.54% to $26.950 in the overnight session, AAOX gained 5.09% to $9.080, and MVLL advanced 3.39% to $26.500. LITZ, due to missing overnight data, used post-market quote of $8.460, up 0.06%. Overall, the optical communications sector saw active overnight trading with positive fund flows, as investors remain optimistic about the prospects of the optical communications industry chain.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 9.080 | +5.09% |
| LITX | LITX.US | 26.950 | +4.54% |
| MVLL | MVLL.US | 26.500 | +3.39% |
| AXT | AXTI.US | 59.280 | +2.74% |
| Nokia | NOK.US | 10.110 | +2.74% |
| Applied Optoelectronics | AAOI.US | 97.600 | +2.42% |
| Lumentum | LITE.US | 857.490 | +2.21% |
| Coherent | COHR.US | 276.100 | +1.82% |
| Corning | GLW.US | 146.020 | +1.71% |
| Marvell | MRVL.US | 225.430 | +1.68% |
| POET Technologies | POET.US | 7.290 | +1.11% |
| LITZ | LITZ.US | 8.460 | +0.06% |