on 20-Oct-2026 19 October 2026 US Networking & Communications Equipment Lumentum (LITE) & Coherent (COHR) Q1 27 Preview: What can management say to assuage investor fear? Daniel Zhu +1 917 344 8309 daniel.zhu@bernsteinsg.com Over the last month, Lumentum stock is down 13% and Coherent is down 28%, amid a broader AI drawdown. We don't believe the drawdown catalysts change the fundamental picture for our stocks, and continue to be constructive on both companies. The longer-term debate remains fierce. We belie ...