COHR

Credo and Coherent are riding the AI connectivity boom, but differing growth prospects, valuations and risks raise questions about which stock is the better buy.

Coherent keeps beating earnings estimates while its stock slides further from a 52-week high, and now Wall Street's most bullish analyst has a target that implies shares could nearly double from here.

SAXONBURG, Pa., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced today that it will release its financial results for the quarter ended September 30, 2026, on Wednesday, November 4, after the New York Stock Exchange closes.

COHR is expanding AI data center capacity and advancing optical technologies as demand grows for faster, more energy-efficient connectivity.

Here is how Coherent (COHR) and Ingram Micro (INGM) have performed compared to their sector so far this year.

Optical connectivity stocks have handed some investors gains that dwarf the broader market this year, but a 9% pullback in just the past month signals the window for a clean exit may already be closing.

Lumentum and Coherent both reported blockbuster quarters fueled by AI datacenter demand, with order books stretching years into the future.

The sharp moves could partly be a reaction to recent cautious commentary on AI spending.

Lumentum's order book is booked solid through early 2029, yet its stock is leading the entire AI optics sector lower today.

The Zacks Technology Services industry is growing rapidly, fueled by the swift adoption of remote work and other technological advancements, boosting revenues and cash flow since the pandemic. COHR, GCT and SCSC are anticipated to follow the growth momentum.