Lightpath

LightPath Technologies drifted higher during Tuesday's regular session, gaining approximately 2.2% to $16.235 as of 10:21 AM ET, reversing pre-market weakness that saw it test levels around $15.60. The move was supported by recent news of a partnership with Oracle to deploy Cloud Scale Billing and Fusion applications and a deepened OSS modernization collaboration with Netcracker. Fiscal Q3 revenue surged 108.9% YoY to $19.15 million, exceeding estimates, though an EPS loss of -$0.07 and a net profit margin of -21.4% capped further upside. The stock opened at $15.74, rallied to an intraday high of $16.85, and remains above both its 20-day ($14.81) and 60-day ($14.23) moving averages, with a YTD gain of 38.5%, while still trading 14.3% below its 52-week high of $18.94 on a lofty price-to-book of 10.5x.