Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains: Applied Optoelectronics Drops 9%, Coherent Falls 5%, Lumentum Slides 4%

Optical component makers are being sold as a group after a year of extraordinary gains, and the pressure is landing hardest on the names that ran furthest. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 9% to $111.76 in morning trading, the steepest drop among the group’s leaders. Applied Optoelectronics stock is up 221% so far […]