The fiber optic components sector is living up to analysts' forecasts that a major shakeout would begin to take place this year. As venture capital funding dries up and demand continues to plunge, ...
Lumentum (Nasdaq: LITE), and Applied Optoelectronics (Nasdaq: AAOI) were hammered Tuesday, with CRDO down 15%, LITE off 11%, and AAOI sliding 7% as investors rushed for the exits after a massive ...
Credo Technology (CRDO) closed down 15%, Lumentum (LITE) down 11%, and Applied Optoelectronics (AAOI) down 7% today. Credo’s earnings caused the stock to drop, but Lumentum and Applied Optoelectronics ...
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