Applied Optoelectronics Sinks 12% on $600M Equity Offering, Lumentum and Coherent Drop 5%
Quick Read Applied Optoelectronics fell 12% on a $600M fairness providing, dragging Lumentum and Coherent down 5% every regardless of each not too long ago beating earnings. Corning slipped simply 3% and SOXX dropped 2%, confirming the dilution scare stayed concentrated contained in the optical transceiver nook of tech. Act now: the analyst who known…