POET Technologies' Decline Pressures Optical and Networking Stocks
POET Technologies (POET) experienced a significant decline following a 47% drop in the previous session due to cancelled purchase orders. This decline has spilled over to other optical and networking stocks, causing pressure in premarket trading. Despite year-to-date gains, the company's performance has raised concerns in the sector.
Tickers: $POET
Topics: optical and networking stocks POET Technologies premarket trading purchase orders stock market