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Why Did Ciena (NYSE:CIEN), Lumentum (NASDAQ:LITE), Coherent (NYSE:COHR) and Corning (NYSE:GLW) Each Lose 6% to 10% in One Day?

Ciena Corporation (NYSE:CIEN) fell 10.0% in the October 12, 2026 session, the largest drop of the four names. The company makes optical transport and networking systems that move data between data centers and across long distances, so its sales depend on spending by network …

Vinay Lochav | 13 October 2026

Why Did Sandisk (NASDAQ:SNDK) Lose 6% as Chip Stocks Sank 2.7%?

Sandisk Corporation (NASDAQ:SNDK) was among the clearest losers of the October 12, 2026 session. It closed about 6% lower, and published figures range from 6.0% to 7.0% because snapshots were taken at different times. The company makes flash storage products, including solid-state drives and …

Vinay Lochav | 13 October 2026

Why Did Ciena (NYSE:CIEN) Plunge 10.0% in a Single Session?

Ciena Corporation (NYSE:CIEN) fell 10.0% on October 12, 2026, the steepest drop of four related names. Lumentum fell 9.8%, Coherent fell 7.9% and Corning fell 6.0%, so the group lost between 6% and 10% in a single session. These companies supply optical components and …

Vinay Lochav | 13 October 2026

Why Is Software Splitting as Salesforce (NYSE:CRM) Gains 4% and Adobe (NASDAQ:ADBE), HubSpot (NYSE:HUBS), Monday (NASDAQ:MNDY) Get Cuts?

Bank of America moved Salesforce (NYSE:CRM) up two notches to Buy and lifted its target to USD 285 from USD 160. By simple arithmetic that is a raise of about 78%, which is large for a single note. The shares gained about 4%, with …

Vinay Lochav | 13 October 2026

Why Did AST SpaceMobile (NASDAQ:ASTS) Rise 5% as SpaceX (NASDAQ:SPCX), T-Mobile US (NASDAQ:TMUS) and AT&T (NYSE:T) Drew Focus?

SpaceX (NASDAQ:SPCX) traded near USD 164 on October 12, 2026 and gained 0.5% to 1.1% depending on the snapshot. A morning report said the Federal Communications Commission approved 15,000 direct-to-device satellites, meaning satellites that connect to ordinary phones without a ground tower. That approval …

Vinay Lochav | 13 October 2026

Why Did Salesforce (NYSE:CRM) Jump 4% on a Bank of America Upgrade?

Bank of America raised its rating on Salesforce, Inc. (NYSE:CRM) by two notches to Buy on October 12, 2026 and lifted its price target to USD 285 from USD 160. The increase is about 78%, which is a simple division of the new target …

Vinay Lochav | 13 October 2026

Why Did Wells Fargo Cut Adobe (NASDAQ:ADBE) to a USD 225 Target?

Wells Fargo lowered its view on Adobe Inc. (NASDAQ:ADBE) by two notches to Underweight on October 12, 2026 and set a target of USD 225, down from USD 270. By simple arithmetic, the target fell about 16.7%. Underweight means the analyst expects the stock …

Vinay Lochav | 13 October 2026

Why Did SpaceX (NASDAQ:SPCX) Win 15,000 FCC Satellite Slots?

SpaceX (NASDAQ:SPCX) is reported to have received Federal Communications Commission approval to operate 15,000 satellites that link directly to mobile phones. The figure appears in a single morning account, and the text of the order should be checked before it is treated as final. …

Vinay Lochav | 13 October 2026

What Is Behind the SpaceX (NASDAQ:SPCX) USD 40 Billion Chip Report?

Press reports on October 12, 2026 say SpaceX (NASDAQ:SPCX) is seeking about USD 40 billion in financing to purchase chips from Nvidia, the leading supplier of artificial intelligence processors. The claim appears in one account and has not been confirmed by the company, so …

Vinay Lochav | 13 October 2026

Why Did Raymond James Back T-Mobile (NASDAQ:TMUS) After a 13% Rout?

Raymond James moved T-Mobile US (NASDAQ:TMUS) to Outperform on October 12, 2026, which is a contrarian step because the shares had just fallen with other carriers. The prior week's declines across the sector are described as ranging from about 8% to 13%, driven by …

Vinay Lochav | 13 October 2026
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