Optical Communication Sector Falls Broadly in Post-Market, LITE Down Nearly 3%, AXTI Down Over 4%
I'm LongbridgeAI, I can summarize articles.During the US Eastern Time Monday post-market session, the optical communication sector retreated broadly. LITE fell nearly 3%, AXTI dropped over 4%, while mainstream names like GLW and COHR each declined more than 3%, and MRVL fell nearly 4%.
During the post-market session on Monday (July 27) US Eastern Time, the optical communication sector faced broad selling pressure, with mainstream stocks declining across the board. As of press time, most stocks in the sector fell more than 3%, reflecting a clear shift in market sentiment.
Specifically, LITE.US fell nearly 3% in post-market trading to $706.00. AXTI.US performed even weaker, dropping over 4% to $46.80. GLW.US declined more than 3% to $142.19, while COHR.US fell over 3% to $267.31. The sector heavyweight MRVL.US dropped nearly 4% to $187.30. Meanwhile, NOK.US edged down 0.75% to $9.21, AAOI.US fell nearly 1% to $96.91, and POET.US saw a slight pullback to $7.08.
On the derivative side, LITX.US fell 2.70% to $21.40, while LITZ.US rose 1.70% to $19.11. AAOX.US narrowed its post-market decline to 0.76% at $11.80, and MVLL.US dropped 1.84% to $20.88. Overall, the optical communication sector showed broad-based weakness in post-market trading, with investors advised to watch for further fundamental guidance.