On July 20, Coherent rose 4.18% in regular trading, trading at $293.0/share, with turnover of $69.52 million. The optical communications sector staged a broad-based rebound, with peers Lumentum up 3%, Credo up over 2%, and Corning up over 1%.

On the news front, the optical communications sector had undergone a continuous correction since July 10, with Coherent's stock price retreating over 21% from the $332 region. The current rebound exhibits characteristics of an oversold technical recovery. Additionally, the company secured a $50 million CHIPS Act subsidy to expand its indium phosphide production capacity, while AI data center demand for high-speed optical communications continues to expand, providing medium-term support for sector fundamentals. Multiple institutions have previously raised Coherent's target price to the $392-435 range, with fundamental expectations remaining intact despite the short-term pullback.

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