Optical Illusions: The Market's Disconnect from Business Fundamentals The recent earnings reports from Lumentum Holdings Inc. and Coherent Corp.
have sent shockwaves through the optical technology sector, but beneath the surface lies a more nuanced story about market dynamics and the disconnect between trading and fundamentals.
Lumentum's blowout quarter has seemingly given the entire sector a boost, with net revenue up 109% year over year and non GAAP diluted earnings per share topping expectations by $0. 26.