Pre‑Market Drop

Despite the upbeat results and analyst upgrades—Needham’s buy rating and a $220 price target, and a raised FY 2027 revenue estimate to $2 billion—the company’s shares fell about 10 % pre‑market. Analysts cited continued copper preference among hyperscalers, high production demand for ZF optics, and the CoMira acquisition as factors underpinning a projected 50 % revenue growth for FY 2027.