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Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters

Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters
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Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters Japanese fiber-optic cablemaker Fujikura Ltd.’s shares are set to surge to their daily limit after the firm unexpectedly raised its profit guidance above market estimates. Fujikura’s shares were untraded on a glut of buy orders but poised to rise after the company lifted its full-year operating income outlook to ¥310 billion ($1.9 billion) from ¥211 billion, citing a boost from price increases and strong demand from AI...

Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters Japanese fiber-optic cablemaker Fujikura Ltd.’s shares are set to surge to their daily limit after the firm unexpectedly raised its profit guidance above market estimates. Fujikura’s shares were untraded on a glut of buy orders but poised to rise after the company lifted its full-year operating income outlook to ¥310 billion ($1.9 billion) from ¥211 billion, citing a boost from price increases and strong demand from AI hyperscalers. The firm also said that the risk of hydrogen shortages has eased. [Image text:] 13824fWTC 6912F1/O WTC 200m
Fujikura Shares Set to Soar as Outlook Hike Calms (ORG) Japanese (ORG) Fujikura Ltd.’s (ORG) Fujikura (ORG) AI (ORG)
Originally published by Bloomberg Technology Read original →