[Market Move Analysis] Coherent soars on September 17: Optical communications strengthen and 800G demand revised upward

1. On September 17, US stock market optical communication concept stocks collectively rose in pre-market trading, with Coherent up more than 2%; during trading hours, some optical communication stocks continued their strong performance, Coherent surged over 6%, and the sector's coordinated movement pushed prices higher.
2. On September 16, Goldman Sachs raised its 2027 and 2028 800G and above optical module demand forecasts to 144 million and 171 million units, respectively. Coherent, as an optical communication concept stock, was driven by related demand expectations.
3. On September 16, Ciena announced its financial targets through fiscal year 2029, projecting a compound annual growth rate of about 30% for revenue from 2026 to 2029, and set an adjusted gross margin target of around 50%, boosting high-speed connectivity and optical communication-related companies. Coherent's main products are lasers, transceivers, and other optoelectronic devices, used in data centers and communications markets.

(Disclaimer: This content is generated by AI technology based on publicly available information for summary purposes only. It does not constitute investment advice.)