On August 7, the U.S. optical communication sector saw a broad pre-market rally, with Applied Optoelectron surging over 13%. Coherent, Lumentum, and Corning each rose over 4%, while Mavenir Technologies increased by more than 3%. In news, Applied Optoelectron reported second-quarter revenue of $191.9 million, a year-over-year increase of 86.4%. Notably, revenue from its data center business surpassed $100 million for the first time, growing 140% year-over-year and accounting for 56% of total revenue, making it the largest source of income.
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Applied Optoelectron Soars Over 13% in Pre-Market, Leading U.S. Optical Communication Sector
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