FRANKFURT (dpa-AFX) – Jenoptik's recent share price rally suffered only a minor setback on Friday. After investors in the technology group initially reacted with alarm to mostly weak business figures, some quickly shifted focus to the positive outlook and took the opportunity to buy at lower price levels.
Most recently, Jenoptik shares fell by 1.7 percent to €26.56, making them among the weakest performers in the largely unchanged SDax small-cap index. At the start of trading, the stock had dropped by almost 11 percent to its lowest level since the end of January.
Following a decline in revenue and profit last year, Jenoptik aims to return to a growth trajectory by 2026. Sales are expected to rise, and the margin for earnings before interest, taxes, and depreciation should improve again. For the important semiconductor equipment industry, the technology group anticipates a fundamentally positive development – partly due to the announced massive investments in data centers.
Analyst Henrik Paganetty from Jefferies described the outlook as positive. He also emphasized that demand in the semiconductor equipment sector stabilized in the second half of 2025. However, in the fourth quarter, the company based in Jena delivered an overall weak performance.
Analysts noted that the order intake in the final quarter of the year was particularly disappointing. This is significant because Jenoptik shares had recently benefited from the very strong, AI-driven order intake reported by chip equipment supplier ASML.
As recently as Thursday, Jenoptik shares reached a high of €27.90, their highest level since October 2024. Since the beginning of the year, the stock has still posted a gain of nearly 36 percent, making it one of the leading performers in the SDax based on this metric.
From a technical analysis perspective, Jenoptik's recent share price rally appears well supported. The shares briefly dipped below the 21-day moving average, which indicates the short-term trend. Both the medium- and especially the long-term prospects remain strong./la/agt/stk
