credit / rates affecting interest expense
“The reduction for the nine months ended September 30, 2025, was partially offset by higher interest expense of $4.5 million related to our debt.”
BE 10-Q
Confirmed
Optical Networking Technologies
9 names are moving together; 78% are participating in the current session.
4 observed daily builds
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| TSEM | Tower Semiconductor Ltd. | Technology | +3.0% | Group member |
| COHR | Coherent Corp. | Technology | -5.3% | Group member |
| CIEN | Ciena Corporation | Technology | -3.4% | Group member |
| ECG | Everus Construction Group, Inc. | Industrials | -2.4% | Most structurally connected |
| BE | Bloom Energy Corporation | Industrials | -4.7% | Group member |
| FN | Fabrinet | Technology | +0.9% | Group member |
| SEI | Solaris Energy Infrastructure, | Energy | -6.2% | Group member |
| VRT | Vertiv Holdings, LLC | Industrials | -4.1% | Group member |
| LITE | Lumentum Holdings Inc. | Technology | -4.2% | Group member |
Why we believe this
Cohort
9 namesParticipation
78% this sessionObserved history
4 daily buildsFiling coverage
8/9 membersdemand / volume
“Service & other revenues increased $4.8 million due to increased repair and maintenance demand.”
ECG 10-K
restructuring affecting expense
“The decrease for the nine months ended September 30, 2025, was primarily driven by: (1) a reduction in the deployment of field replacement units, contributing to cost savings of $20.3 million, (2) lower rework and production costs of $1.3 million; and (3) our cost reduction efforts to manage fleet optimizations.”
BE 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
NVDA
COHRcustomer · Not moving with the group now
Filing receipt · NVDA / COHR
“The increase was primarily due to the $2 billion in proceeds from the issuance of Common Stock to NVIDIA, net of fees, partially offset by higher payments, net of borrow…”
COHR · customer
T
CIENcustomer · Not moving with the group now
Filing receipt · T / CIEN
“Sales to AT&T were $500.7 million, or 10.5% of total revenue, in fiscal 2025, and $475.3 million, or 11.8% of total revenue, in fiscal 2024.”
CIEN · customer
VIAV
CIENcustomer · Moving with the group now · 115 min observed
Filing receipt · VIAV / CIEN
“Examples of our customers include América Móvil, AT&T Inc., Lumen Technologies, Inc.”
CIEN · customer
CCOI
CIENsupplier · Not moving with the group now
Filing receipt · CCOI / CIEN
“We purchase equipment for our Optical Wave Network and optical wave services from Ciena Corporation (“Ciena”).”
CIEN · supplier
AAOI
LITEtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-139 names in the durable cohort
2026-07-096 names in the durable cohort
2026-07-0711 names in the durable cohort
2026-07-019 names in the durable cohort