Why Many Optical Networking Stocks Plunged in November

Optical networking investors had it rough in November. Shares of Oclaro (NASDAQ: OCLR) fell 13.9%, Lumentum Holdings (NASDAQ: LITE) dropped 14.4%, and Finisar (NASDAQ: FNSR) stock took a 15% haircut, according to data from S&P Global Market Intelligence. All of these plunged in unison, right at the start of the month.

Two of these companies reported earnings at the start of November. They sang slightly different songs, but certainly in the same key:

Patience, young grasshopper. Image source: Getty Images.

Source: Fool.com