Research Feed
LITE 10-Q: Capex +40%, OCF +189% Confirm Demand Thesis — But Valuation Stretched vs Peers
LITE's Q2 FY26 10-Q (filed Feb 4) confirms the bull demand thesis with hard evidence: capex +40% YoY ($160M/6mo), OCF +189% to $185M, and physical capacity buildout ($87M net PP&E increase despite depreciation). This is the fourth independent optical supply chain signal (after GLW, VIAV, FN) validat
MYRG: The Dog That Didn't Bark - Flat Backlog While Peers Surge on Data Centers
MYRG trades at 41.3x P/E (premium to peers) while posting +0.8% QoQ backlog growth. Every electrical contractor peer is printing record data center orders (+50-200% YoY). Management talks extensively about data centers but numbers don't match. Three scenarios: (1) losing market share, (2) different