COHERENT's stock plummeted 7.55% during intraday trading on Friday, as the optical communication sector experienced broad-based weakness.
The decline was part of a wider selloff affecting optical communication stocks in premarket trading. Shares of Tower Semiconductor dropped more than 6%, Applied Optoelectronics declined nearly 5%, while Lumentum, COHERENT, Nokia Oyj, Astera Labs, Inc., and Corning each slid over 3%.
This sector-wide pressure contributed to COHERENT's significant intraday decline, reflecting broader market sentiment toward optical communication companies during the trading session.
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