$358.50
323.4% vs S&P 12m
Business overview
Datacom optical and laser supplier with major 800G/1.6T transceiver position serving AI back-end networks.
Direct beneficiary of GPU-cluster optical bandwidth scaling. 1.6T ramp and Indium Phosphide capacity are the key swing factors.
Products
- 800G/1.6T transceivers
- VCSEL/EML lasers
- Materials
Customers (2)
- Hyperscalers
- Network OEMs
Competitors (3)
- Lumentum
- InnoLight
- Eoptolink
Composite score
Higher = stronger overall research case
Fundamental59
Technical82
Valuation26
AI relevance78
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 20
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 45.9%6M RS: 146.4%12M RS: 323.4%Vol30d: 72%DD52w: -11.5%
Financial summary
Curated, illustrative
Revenue
$6.60B
Growth (YoY)
20.5%
Gross margin
37.0%
Operating margin
13.6%
FCF
$-197.63M
Capex
$337.97M
Net cash / (debt)
$-1.00B
ROIC
3.1%
Customer conc.
Medium
Valuation
Market cap
$70.14B
Enterprise value
$71.14B
P/E (TTM)
169.1x
Forward P/E
44.3x
EV / Sales
10.8x
EV / EBITDA
54.1x
P / FCF
—
PEG
0.9x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4High net debt post II-VI deal
- 3Optics pricing competition
Score components
What drove the composite
Growth71
Profitability50
Cash generation27
Balance sheet73
Moat / AI relevance75
Capital intensity (higher = lighter)73
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)26
Segment peers
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