US Stock Movement: Coherent surged on October 1st as Bernstein expressed optimism about AI optical communication

Coherent October 1st Surge Analysis

Keywords: Bernstein optimism, AI optical communication

1. On October 1st, Bernstein gave Coherent an "outperform" rating with a target price of $350.

2. On September 17th, the company expanded its pluggable optical line system product portfolio, launching a high-power variable gain amplifier for 800G ZR/ZR+ coherent optics, supporting up to 25.6Tbps data center traffic.

3. As of June 30, 2026, the company’s data center and communications business recorded fourth-quarter revenue of $1.62 billion, accounting for nearly 79% of total revenue. This business covers transceivers, optical devices, and related systems, benefitting from demand for optical communications in data centers.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only; it does not constitute investment advice.)