Optical Cable Corporation (OCC) saw a notable stock increase of 47.51% in premarket trading on July 8, 2025, following the announcement of a strategic partnership with Lightera, LLC.
Strategic Collaboration with Lightera
The partnership involves OCC and Lightera, a subsidiary of Furukawa Electric Group, combining their product portfolios to deliver integrated cabling and connectivity solutions. Lightera also acquired 7.24% of OCC shares, demonstrating confidence in the strategic collaboration and aligning the interests of both companies.
OCC Stock Performance and Market Metrics
Before the surge, OCC closed on July 7, 2025, at $3.62. The premarket jump to $5.34 marks one of the most significant increases in the company's recent trading history. The market capitalization stands at approximately $29.786 million, with shares having a 52-week range of $2.02 to $7.00.
Future of OCC
OCC does not have a traditional P/E ratio due to negative earnings per share of -$0.38 over the trailing twelve months. With earnings scheduled for September 10, 2025, investor focus will be on whether the Lightera partnership can lead to improved financial performance and a return to profitability for the fiber optic cable manufacturer.
The strategic partnership with Lightera opens new opportunities for Optical Cable Corporation, potentially driving the company's growth in the rapidly evolving data sector.
