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Optical Cable Corporation Shares Soar 12.23% on Lightera Partnership
Generated by AI AgentAinvest Movers Radar
Wednesday, Jul 9, 2025 7:43 pm ET1min read
Optical Cable Corporation (OCC) shares surged 12.23% today, marking the ninth consecutive day of gains, with a cumulative increase of 90.18% over the past nine days. The stock price reached its highest level since February 2025, with an intraday gain of 17.81%.
The recent surge in Optical Cable Corporation's stock price can be attributed to a significant strategic collaboration with Lightera, LLC. This partnership, announced shortly before July 8, 2025, has been a key driver behind the stock's impressive performance. The collaboration aims to expand OCC's footprint in the high-growth data center and enterprise sectors, with Lightera acquiring a 7.24% equity stake in OCC. This strategic move is expected to boost OCC's sales growth and create value for the company and its shareholders, driven by the increasing demand for advanced connectivity solutions.
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