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Coherent jumps 13.56% on report of U.S. ban on Chinese optical transceivers

GuruFocus.com +1 ·

COHR Coherent Corp
$323.73 +12.35%
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  1. 1Coherent (COHR) shares rose 13.56% following a report that the Trump administration has drafted a ban on imports of new Chinese-made optical transceivers into the U.S.
  2. 2The FCC is drafting the measure, and four people familiar with the matter say authorities hope to unveil it this year
  3. 3Coherent and Lumentum (LITE) are seen as beneficiaries, though critics point to insufficient scale, and the move could also drive up costs for cloud operators

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