# Optical Communications Stocks Rise Ahead of Astera Labs Results

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47768
Published: 2026-11-03T14:59:04.000Z
Updated: 2026-11-03T14:59:04.000Z
Section: Investing

> Fabrinet reported fiscal first-quarter revenue of $1.47 billion, up 51% year over year, and forecast second-quarter revenue of $1.6 billion to $1.65 billion.

U.S.-listed optical communications shares rose Tuesday morning. Astera Labs and Fabrinet were among the gainers at 9:47 a.m. ET (14:47 UTC), with Fabrinet's move following its quarterly results Monday.

At that time, Ciena, Credo, Coherent, Applied Optoelectronics Inc. and Corning had also risen.

Fabrinet's fiscal first-quarter revenue increased 51% year over year to $1.47 billion. The optical communications component manufacturer forecast second-quarter revenue of $1.6 billion to $1.65 billion.

Astera Labs plans to release its third-quarter results after the U.S. market closes Tuesday and hold an earnings call at 4:30 p.m. ET.