Corning (GLW), Lumentum (LITE), and Coherent (COHR) continued to break out last week. Ciena (CIEN) gained nearly 45% in the last month. Among them, watch Corning.
UBS analysts forecast that Corning benefited from stronger demand in the hyperscaler markets. Analyst Joshua Spector expects data centers to need more fiber deployment.
Corning pivoted well from its Gorilla Glass in Apple devices. Conversely, Universal Display (OLED) slumped after posting results.
Shares of Comfort Systems (FIX) broke out last week. Shares jumped after the firm posted Q4 EPS of $9.37. Long-term investors might trim FIX stock as valuations become too high at current prices.
Among the stocks that fell meaningfully, look at Akamai (AKAM). The stock lost nearly 10% last week after posting results on February 19. Despite forecasting revenue growth of 45% to 50%, driven by AI inference cloud momentum, shareholders fled.
Cloud infrastructure revenue accounted for just $94 million out of the $1.095 billion total.
In the cybersecurity sector, fears that AI would take CrowdStrike (CRWD) and Zscaler’s (ZS) business sent their stock prices lower. Anthropic announced Claude Code Security.
The media hyped open-source security, which is fundamentally impossible. Security firms cannot offer openly available, coded solutions. Once markets realize the contradiction, shares in both firms should rebound.
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