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Coherent (COHR) Stock Price, News & Analysis

Coherent logo
$102.68 -1.32 (-1.27%)
(As of 11/13/2024 ET)

About Coherent Stock (NYSE:COHR)

Key Stats

Today's Range
$101.76
$105.85
50-Day Range
$68.64
$110.02
52-Week Range
$34.82
$111.66
Volume
2.03 million shs
Average Volume
2.35 million shs
Market Capitalization
$15.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$97.64
Consensus Rating
Moderate Buy

Company Overview

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers telecommunication products for fiber-optic transmission; datacom transceivers, including pluggable transceivers for ethernet and fiber channel applications; and advanced optics, such as fiber and precision optics used in projection displays, crystal materials and components for optical communications, filters and assemblies for life sciences, sensors, instrumentation, and semiconductor equipment, as well as ultraviolet (UV), visible, and near-infrared spectroscopy optics for industrial lasers. The Materials segments provides laser optics and accessories; infrared thermal imaging optics and assemblies; polycrystalline materials; thermoelectric components, subassemblies, and systems; ceramic and metal-matrix composite products; semiconductor lasers and laser bars; Q-switched laser modules, uncooled pump laser modules, and laser systems for superhard materials processing; laser processing heads and beam delivery systems; EELs, VCSELs, and detectors; pumps for amplifiers; precision optical assemblies, infrared optics, thin-film coatings and optical materials; optical solutions; and integrated circuits for transceivers. The Lasers segment offers UV gas and solid-state lasers; UV optical systems, line beams, and mask-based imaging systems; UV nanosecond lasers; continuous-wave lasers and systems; amplifiers; subsystems and standard systems; IR lasers; crystals and diode lasers, and specialty polishing and coating solutions. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Coherent Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

COHR MarketRank™: 

Coherent scored higher than 77% of companies evaluated by MarketBeat, and ranked 88th out of 337 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Coherent has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Coherent has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Coherent's stock forecast and price target.
  • Earnings Growth

    Earnings for Coherent are expected to grow by 51.97% in the coming year, from $2.29 to $3.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Coherent is -83.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Coherent is -83.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Coherent has a PEG Ratio of 1.03. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Coherent has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Coherent's valuation and earnings.
  • Percentage of Shares Shorted

    3.58% of the float of Coherent has been sold short.
  • Short Interest Ratio / Days to Cover

    Coherent has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coherent has recently decreased by 18.51%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Coherent does not currently pay a dividend.

  • Dividend Growth

    Coherent does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.58% of the float of Coherent has been sold short.
  • Short Interest Ratio / Days to Cover

    Coherent has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coherent has recently decreased by 18.51%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Coherent has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Coherent this week, compared to 6 articles on an average week.
  • Search Interest

    23 people have searched for COHR on MarketBeat in the last 30 days. This is an increase of 53% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added Coherent to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Coherent insiders have sold 2,762.32% more of their company's stock than they have bought. Specifically, they have bought $35,275.00 in company stock and sold $1,009,682.00 in company stock.

  • Percentage Held by Insiders

    Only 0.56% of the stock of Coherent is held by insiders.

  • Percentage Held by Institutions

    83.33% of the stock of Coherent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Coherent's insider trading history.
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COHR Stock News Headlines

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Jeff Bezos’s Next Trillion Dollar Bet Exposed
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Coherent call volume above normal and directionally bullish
See More Headlines

COHR Stock Analysis - Frequently Asked Questions

Coherent's stock was trading at $43.53 at the start of the year. Since then, COHR shares have increased by 135.9% and is now trading at $102.68.
View the best growth stocks for 2024 here
.

Coherent Corp. (NYSE:COHR) posted its earnings results on Thursday, August, 15th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm's revenue for the quarter was up 9.0% on a year-over-year basis.

The following companies are subsidiaries of Coherent: Rofin - Sinar, Raydiance, Tinsley Laboratories, LUMERA LASER, Innolight Innovative Laser and Systemtechnik, MiDaz Lasers, Hypertronics, and more.

Coherent's top institutional investors include FMR LLC (4.58%), Charles Schwab Investment Management Inc. (0.66%), Pinnacle Associates Ltd. (0.54%) and The Manufacturers Life Insurance Company (0.37%). Insiders that own company stock include Vincent D Mattera Jr, Vincent D Mattera Jr, Francis J Kramer, Mary Jane Raymond, James Robert Anderson, Joseph J Corasanti, Walter Robert Bashaw II, Christopher Koeppen, Howard H Xia, Ronald Basso, Julie Sheridan Eng, Richard J Martucci and David L Motley.
View institutional ownership trends
.

Shares of COHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Coherent investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), NVIDIA (NVDA), Voya Infrastructure, Industrials and Materials Fund (IDE), Meta Platforms (META), Broadcom (AVGO) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
8/15/2024
Today
11/13/2024
Next Earnings (Estimated)
2/03/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Optical instruments & lenses
Sub-Industry
Electronic Equipment & Instruments
CUSIP
19247910
Employees
26,157
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$97.64
High Stock Price Target
$125.00
Low Stock Price Target
$50.00
Potential Upside/Downside
-4.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$-156,150,000.00
Pretax Margin
-0.80%

Debt

Sales & Book Value

Annual Sales
$4.71 billion
Cash Flow
$5.55 per share
Book Value
$37.97 per share

Miscellaneous

Free Float
153,798,000
Market Cap
$15.88 billion
Optionable
Optionable
Beta
1.65

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This page (NYSE:COHR) was last updated on 11/14/2024 by MarketBeat.com Staff
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