News Summary
PositiveCoherent delivered a blockbuster Q4 FY2026 earnings beat with $2.05B revenue (34% YoY, 4% above consensus) and non-GAAP EPS of $1.74 (74% YoY growth, 7% above consensus), driven by explosive AI datacenter optical connectivity demand. Management raised FY2027 Q1 guidance to $2.2–$2.4B revenue and $1.85–$2.05 EPS while projecting $3B+ quarterly revenue by end of FY2027, prompting widespread analyst price-target hikes to as high as $500.
Red flags
- •Valuation concerns noted by GuruFocus suggesting stock may be trading above intrinsic value post-rally, though this reflects opinion rather than company fundamentals
- •Stock dipped in extended trading despite beat-and-raise, signaling some investor caution on maintaining growth trajectory at elevated expectations
Funds Reducing / Exiting (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 43K | -537,209 | $17M | 0.8% | -93% | Existing |
| Maverick Capital | Lee Ainslie | 2K | -4,550 | $1M | <0.1% | -66% | Existing |
| Sachem Head Capital | Scott Ferguson | 0 | −965K | — | 5.5% | -100% | EXITED |
| Duquesne Family Office | Stanley Druckenmiller | 0 | −40K | — | 0.3% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| FMR LLC | SC 13G/A | 11.0M | 5.6% | 2026-07-08 | ↗ |
| FMR LLC | SC 13G/A | 22.6M | 12.1% | 2026-05-06 | ↗ |
| Vanguard Capital Management | SC 13G | 14.0M | 7.5% | 2026-04-29 | ↗ |
| Vanguard Portfolio Management | SC 13G | 9.5M | 5.0% | 2026-04-29 | ↗ |
| BlackRock, Inc. | SC 13G/A | 13.0M | 6.6% | 2026-04-24 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Sheldon Whitehouse | senate | — | BUY | $15,001 - $50,000 | 2026-06-25 | 2026-07-08 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.