Coherent, Inc. (COHR)

NYSE: COHR · IEX Real-Time Price · USD
58.02
-0.55 (-0.94%)
At close: Feb 27, 2024, 4:00 PM
59.25
+1.23 (2.12%)
After-hours: Feb 27, 2024, 7:04 PM EST
-0.94%
Market Cap 8.80B
Revenue (ttm) 4.63B
Net Income (ttm) -403.71M
Shares Out 151.41M
EPS (ttm) -2.82
PE Ratio n/a
Forward PE 23.42
Dividend n/a
Ex-Dividend Date n/a
Volume 1,324,042
Open 59.22
Previous Close 58.57
Day's Range 57.82 - 59.70
52-Week Range 26.29 - 63.63
Beta 1.65
Analysts Strong Buy
Price Target 52.78 (-9.03%)
Earnings Date Feb 5, 2024

About COHR

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments: Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semic... [Read more]

Sector Technology
IPO Date Oct 2, 1987
Employees 26,622
Stock Exchange NYSE
Ticker Symbol COHR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for COHR stock is "Strong Buy." The 12-month stock price forecast is $52.78, which is a decrease of -9.03% from the latest price.

Price Target
$52.78
(-9.03% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Dr. Vincent D. Mattera, Jr., to Retire as CEO of Coherent

Board to Commence a Comprehensive Executive Search Process Company Reaffirms Fiscal 2024 Guidance PITTSBURGH, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR...

7 days ago - GlobeNewsWire

Coherent gains from the AI chip boom

Coherent Co. NYSE: COHR develops and manufactures lasers and optical technologies through its Compound Semiconductors and Photonic Solutions divisions. Formerly known pre-merger as II-VI, Coherent is ...

14 days ago - MarketBeat

Coherent stock rallies on profit beat and bullish comments on product launch

Stronger-than-expected earnings, fast growth in another unit and a bullish report on a new product powered gains in Coherent Corp.'s stock on Tuesday.

21 days ago - Market Watch

Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results

PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal ...

22 days ago - GlobeNewsWire

Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing

Coherent will showcase its full suite of medical device manufacturing systems at MDM West, at the Anaheim Convention Center in California, Feb. 6-8. Coherent will showcase its full suite of medical de...

26 days ago - GlobeNewsWire

Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles

PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DO...

27 days ago - GlobeNewsWire

Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024

PITTSBURGH, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it will exhibit industry-leading products and capa...

4 weeks ago - GlobeNewsWire

Coherent Introduces Infrared Wire-Grid Polarizers With Industry-Breakthrough Performance for Atmospheric Remote Sensing

PITTSBURGH, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in diffractive optics, today announced the introduction of a family of mid-wavelength infrared (MWIR) and long-wavel...

4 weeks ago - GlobeNewsWire

Coherent Introduces 532 nm HyperRapid NXT Picosecond Laser for Ultraprecision Manufacturing of Thin-Film Solar Cells

PITTSBURGH, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for materials processing, today announced the introduction of its new HyperRapid NXT industrial...

4 weeks ago - GlobeNewsWire

Coherent Introduces New WaveShaper Instruments for the U- and Super C-Bands

PITTSBURGH, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of test and measurement instruments for optical communications, today announced the introduction of new me...

5 weeks ago - GlobeNewsWire

Coherent Announces Date Of FY2024 Second-Quarter Conference Call

PITTSBURGH, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for...

5 weeks ago - GlobeNewsWire

Coherent Introduces 1000 mW Red Laser Modules for Super-Resolution Microscopy

PITTSBURGH, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in lasers and thermoelectrics for life sciences and scientific research, today announced the introduction of the OBI...

5 weeks ago - GlobeNewsWire

Coherent Introduces VCSEL-Based Illumination Module Platform for Short- and Mid-Range Automotive and Industrial LiDAR

PITTSBURGH, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in semiconductor lasers for depth sensors, today announced the introduction of an illumination module platform for s...

5 weeks ago - GlobeNewsWire

Coherent Introduces Dot Projector Modules for Depth Sensing in Consumer Electronics, Robotics, and Autonomous Vehicles

PITTSBURGH, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical sensing for consumer electronics, today announced the introduction of dot projector modules for depth sen...

6 weeks ago - GlobeNewsWire

Coherent Issues Its ESG Report 2023 and Sets a Net Zero Greenhouse Gas Emissions Target of FY2040

PITTSBURGH, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today published its Environmental, Social, and Governance (ESG) Report 2023 an...

2 months ago - GlobeNewsWire

Coherent Unveils Industry's First 800G ZR/ZR+ Transceiver in Ultracompact QSFP-DD Pluggable Form Factor for Optical Communications Networks

PITTSBURGH, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in high-speed optical networking technology, today announced the introduction of its 800G ZR/ZR+ transceiver in ultr...

2 months ago - GlobeNewsWire

Coherent's Silicon Carbide Semiconductor Business Completes $1 Billion in Investments From DENSO and Mitsubishi Electric

PITTSBURGH, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that it has closed the $1 billion aggregate investment ...

3 months ago - GlobeNewsWire

Coherent Announces Date of Its Industrial Market Overview Webcast

PITTSBURGH, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will hold an Industrial Market Overvie...

3 months ago - GlobeNewsWire

Coherent Corp. Releases First Quarter Fiscal Year 2024 Financial Results

PITTSBURGH, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its first quarter fiscal year...

4 months ago - GlobeNewsWire

Coherent Wins 2023 Business Innovation Award For Its Axon Laser From The IOP

PITTSBURGH, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in lasers for life sciences, today announced that its Axon laser has won the 2023 Business Innovation Award from the...

4 months ago - GlobeNewsWire

Coherent Announces Date of FY2024 First-Quarter Conference Call

PITTSBURGH, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for...

4 months ago - GlobeNewsWire

Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit

Coherent , a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso and Mitsubishi Electric will invest $1 billion in the company's silicon carb...

5 months ago - Reuters

Mitsubishi Electric to Invest in Coherent's New SiC Business

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed with Coherent Corp. (NYSE: COHR) to invest USD 500 million (approx. 75 billion yen) in a new s...

5 months ago - Business Wire

Coherent's stock jumps 3% premarket on news of $1 billion investment into its silicon carbide business

Coherent Corp.'s stock COHR, -0.67% jumped 3.2% premarket Tuesday, after the materials, networking and lasers company said it has concluded a review of its silicon carbide business and will receive $1...

5 months ago - Market Watch

Coherent's Silicon Carbide Semiconductor Business to Receive $1 Billion in Investments From Denso and Mitsubishi Electric

PITTSBURGH, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that DENSO CORPORATION and Mitsubishi Electric Corporat...

5 months ago - GlobeNewsWire