PEG ratio still makes some photonics companies look cheap:

• AAOI | Applied Optoelectronics | 0.5x = forward P/E 185 ÷ next-year EPS growth 367%

• LITE | Lumentum | 0.8x = 74 ÷ 91%

• TSEM | Tower Semiconductor | 1.1x = 69 ÷ 64%

• FN | Fabrinet | 1.2x = 41 ÷ 34%

• COHR | Coherent | 1.3x = 48 ÷ 38%

• IPGP | IPG Photonics | 1.4x = 72 ÷ 52%

• CIEN | Ciena | 2.2x = 75 ÷ 34%

• GLW | Corning | 2.2x = 55 ÷ 25%

Bonus:

• CRDO | Credo | 0.7x = 27 ÷ 40%