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Connectivity '24: Optical Components
7 tickers · $391.65B total market cap
Group: Connectivity
The current thesis on optical components within the connectivity space is bullish, driven by increased demand for advanced connectivity solutions to support AI and data center expansions. As telecom companies recover from past inventory gluts and begin reinvesting in infrastructure, optical component suppliers like CIEN, CLFD, COHR, GLW, FN, and LITE are poised to benefit from a cyclical upturn. The ongoing deployment of generative AI and edge computing technologies further emphasizes the need for high-capacity, low-latency optical networks.
Connectivity '24: Optical Components tracks 7 publicly listed stocks in this theme: AAOI, CIEN, CLFD, COHR, FN, GLW, LITE. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Corning IncorporatedGLW | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -6.14% | -9.59% | 63.12% | 15.75% | $151.33B | 14.2857 |
Ciena CorporationCIEN | 03/05/2026 (BMO) | — | -14.37% | — | 84.22% | — | $76.63B | 14.2857 |
Lumentum Holdings Inc.LITE | 05/05/2026 (BMO) | 05/05/2026 (BMO) | 15.93% | -3.27% | 93.53% | -5.74% | $69.25B | 14.2857 |
Coherent, Inc.COHR | 05/06/2026 (BMO) | 05/06/2026 (BMO) | -8.70% | -4.93% | 60.45% | 10.79% | $56.08B | 14.2857 |
FabrinetFN | 05/04/2026 (AMC) | 05/04/2026 (AMC) | -15.33% | -6.54% | 69.68% | 2.64% | $24.28B | 14.2857 |
Applied Optoelectronics, Inc.AAOI | 05/07/2026 (AMC) | 05/07/2026 (AMC) | 56.88% | -16.58% | 87.05% | 15.03% | $13.53B | 14.2857 |
Clearfield, Inc.CLFD | 05/06/2026 (AMC) | 05/06/2026 (AMC) | 1.44% | 25.76% | -2.04% | 11.15% | $566.3M | 14.2857 |
| Average | 4.24% | -2.52% | 65.14% | 8.27% | $55.95B | 14.2857 | ||
| Median | -6.14% | -5.73% | 69.68% | 10.97% | $56.08B | 14.2857 | ||
| Std Dev | 23.67% | 13.35% | 29.78% | 7.58% | $47.16B | 0.0% | ||
| Min | -15.33% | -16.58% | -2.04% | -5.74% | $566.3M | 14.2857 | ||
| Max | 56.88% | 25.76% | 93.53% | 15.75% | $151.33B | 14.2857 | ||
| % Positive Tickers | 42.86% | 16.67% | 85.71% | 83.33% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.