The immediate reaction reflects investors’ ever-increasing expectations for optics suppliers. COHR was down 2.5% in overnight trading, after ending 8.2% up in the regular session. Coherent’s revenue surged 34% to $2.05 billion, surpassing analysts’ expectations of $1.99 billion, according to results issued after market hours. The retail sentiment for COHR shifted higher into the ‘extremely … Read more
Though margin pressure tempered optimism, retail traders remained confident in smartphone qualification, smart-eyewear growth, and the defense pipeline. Enovix posted $9 million in Q2 revenue, up 21% year-on-year and above Street estimates. The company expects Q3 revenue of $9 million-$10 million. Enovix CEO Raj Talluri said its lead smartphone customer’s cells surpassed 1,000 cycles. Enovix … Read more
Alliance Global lifted its SLS price target to $35 from $25, implying nearly 200% upside, and maintained a ‘Buy’ rating. JPMorgan opened a 100,135-share stake, while Stifel increased its holdings by nearly 8%. The Phase 3 Regal trial has recorded 78 of the 80 events required to trigger its final GPS analysis. Sellas has enrolled … Read more
Verizon will utilize its existing 5G infrastructure alongside an AI-enabled system to identify, track, and monitor unmanned aircraft systems for a new Lockheed Martin drone detection system. Lockheed Martin’s NetSense, demonstrated in Miami in July, combines Verizon’s 5G spectrum with AI and RF technologies from Nvidia, ODC and Keysight to detect, track and monitor drones … Read more
PM Narendra Modi launched former President Ram Nath Kovind’s autobiography, ‘Triumph of the Indian Republic’. He praised Kovind’s guidance and called the book a ‘cherished legacy’, urging the youth to read it and learn from his struggles. Prime Minister Narendra Modi on Wednesday released former President Ram Nath Kovind’s autobiography, ‘Triumph of the Indian Republic: … Read more
Karnataka is observing a day-long shutdown today, August 13, from 6 am to 6 pm in protest against the Cauvery water-sharing move after the Cauvery Water Management Authority (CWMA) has ordered the state to release 12,000 cusecs of water daily to Tamil Nadu for 15 days from August 12. Various Kannada organisations gave a call … Read more
Analyst Tim Farrar said Rocket Lab may be better shielded from SpaceX, while AST faces direct competition from Starlink. Farrar said AST and Rocket Lab are emulating SpaceX through vertical integration. Rocket Lab is adding satellite services through its proposed acquisition of Iridium. AST has secured 10 launches as it targets 45 BlueBird satellites in … Read more
has opened pre-bookings for its upcoming Yamaha R2 sportbike, which is expected to be launched on August 27, 2026. The pre-booking amount is set at Rs 10,000, which will be adjusted against the final purchase amount. Prices and full specifications of the new Yamaha R2 will be announced on August 27, and the pre-booking amount … Read more
Plunging antimony prices have eroded United States Antimony’s second-quarter revenue, prompting an outlook cut. United States Antimony’s Q2 revenue tanked 25%, missing Street estimates. The company has slashed its 2026 outlook to $60 million to $75 million from a previous $125 million. CEO Gary Evans expects antimony prices to remain around $10 per pound through … Read more
Shiv Sena (UBT)’s Sanjay Raut challenged Home Minister Amit Shah, stating the opposition isn’t afraid and “Now it is your turn to be afraid.” He demanded Parliament discuss the Ram Temple and pellet gun issues and predicted Shah would have to resign. Shiv Sena (UBT) leader Sanjay Raut on Wednesday hit out at Union Home … Read more