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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:COHR

Coherent (COHR) Stock Price, News & Analysis

$60.62
-0.26 (-0.43%)
(As of 03/28/2024 ET)
Today's Range
$60.19
$62.26
50-Day Range
$45.75
$66.92
52-Week Range
$26.29
$67.94
Volume
1.49 million shs
Average Volume
2.42 million shs
Market Capitalization
$9.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$55.63

Coherent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
8.2% Downside
$55.63 Price Target
Short Interest
Healthy
3.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.02mentions of Coherent in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1 M Sold Last Quarter
Proj. Earnings Growth
171.25%
From $0.80 to $2.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.24 out of 5 stars

Business Services Sector

181st out of 308 stocks

Optical Instruments & Lenses Industry

3rd out of 4 stocks

COHR stock logo

About Coherent Stock (NYSE: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; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication. The Photonic Solutions segment manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches, and advanced components for telecom networks; and crystal materials, optics, lasers, and optoelectronic modules in a range of applications, including optical communications, life sciences, and consumer electronics markets. It serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, electronics, and instrumentation applications. 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.

COHR Stock Price History

COHR Stock News Headlines

the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Peering Into Coherent's Recent Short Interest
COHR Mar 2024 54.000 put
COHR Mar 2024 63.000 put
Coherent Corp CEO sells $294k in stock
COHR Mar 2024 40.000 put
COHR Mar 2024 61.000 put
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Optical instruments & lenses
Sub-Industry
Electronic Equipment & Instruments
CUSIP
19247910
Employees
26,622
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$55.63
High Stock Price Target
$85.00
Low Stock Price Target
$35.00
Potential Upside/Downside
-10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$-259,460,000.00
Pretax Margin
-7.86%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$8.56 per share
Book Value
$32.59 per share

Miscellaneous

Free Float
149,839,000
Market Cap
$9.39 billion
Optionable
Optionable
Beta
1.68

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COHR Stock Analysis - Frequently Asked Questions

Should I buy or sell Coherent stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" COHR shares.
View COHR analyst ratings
or view top-rated stocks.

What is Coherent's stock price target for 2024?

14 brokers have issued 1-year target prices for Coherent's stock. Their COHR share price targets range from $35.00 to $85.00. On average, they expect the company's stock price to reach $55.63 in the next year. This suggests that the stock has a possible downside of 8.2%.
View analysts price targets for COHR
or view top-rated stocks among Wall Street analysts.

How have COHR shares performed in 2024?

Coherent's stock was trading at $43.53 at the beginning of 2024. Since then, COHR shares have increased by 39.3% and is now trading at $60.62.
View the best growth stocks for 2024 here
.

Are investors shorting Coherent?

Coherent saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,520,000 shares, an increase of 17.1% from the February 29th total of 3,860,000 shares. Based on an average daily trading volume, of 2,310,000 shares, the short-interest ratio is presently 2.0 days. Currently, 3.1% of the shares of the stock are short sold.
View Coherent's Short Interest
.

When is Coherent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our COHR earnings forecast
.

How were Coherent's earnings last quarter?

Coherent Corp. (NYSE:COHR) announced its earnings results on Monday, February, 5th. The scientific and technical instruments company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.23. The scientific and technical instruments company earned $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Coherent had a negative net margin of 5.84% and a positive trailing twelve-month return on equity of 4.96%.

What guidance has Coherent issued on next quarter's earnings?

Coherent updated its FY24 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of $1.30-1.70 for the period, compared to the consensus earnings per share estimate of $1.33. The company issued revenue guidance of $4.55-4.70 billion, compared to the consensus revenue estimate of $4.58 billion.

Who are Coherent's major shareholders?

Coherent's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dodge & Cox (12.34%), Vanguard Group Inc. (10.03%), Vanguard Group Inc. (10.03%), Dimensional Fund Advisors LP (2.19%), FengHe Fund Management Pte. Ltd. (1.75%) and Point72 Asset Management L.P. (1.27%). Insiders that own company stock include Christopher Koeppen, David L Motley, Francis J Kramer, Howard H Xia, Joseph J Corasanti, Julie Sheridan Eng, Mary Jane Raymond, Vincent D Mattera Jr, Vincent D Mattera Jr and Walter Robert Bashaw II.
View institutional ownership trends
.

How do I buy shares of Coherent?

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.

Does Coherent have any subsidiaries?
The following companies are subsidiares of Coherent: Beam Dynamics, CBL Verwaltungsgesellschaft mbH, COHR International Investment C.V., COHR Malaysia SDN. BHD., Coherent (Beijing) Commercial Company Ltd., Coherent (Deutschland) GmbH, Coherent (Thailand) Co. Ltd., Coherent (UK) Holdings Ltd., Coherent (UK) Limited, Coherent Asia Inc., Coherent Canada Inc., Coherent Dutch Merger Sub B.V., Coherent Europe B.V., Coherent France SAS, Coherent Germany GmbH, Coherent GmbH, Coherent Holding BV & Co. KG, Coherent International LLC, Coherent Israel Ltd., Coherent Italia S.r.l., Coherent Japan KK, Coherent Kaiserslautern GmbH, Coherent Korea Ltd., Coherent LaserSystems GmbH & Co. KG, Coherent Munich GmbH & Co. KG, Coherent NA Inc., Coherent Nanjing Laser Co. Ltd., Coherent Real Estate 1 GmbH & Co. KG, Coherent Real Estate 2 GmbH & Co. KG, Coherent Real Estate GmbH, Coherent Rofin B.V., Coherent Scotland Limited, Coherent Services Vietnam Limited Liability Company, Coherent Shared Services B.V., Coherent Singapore Pte. Ltd., Coherent Switzerland AG, Coherent TIOS Inc., Corelase Oy, Crystal Associates, DILAS Diode Laser Inc., DILAS Diodenlaser GmbH, DeMaria ElectroOptics Systems, E.S. Technology Limited, Hypertronics, Innolight Innovative Laser and Systemtechnik, LUMERA LASER, Lambda Physik, Lasertec, MiDaz Lasers, MiDaz Lasers Limited, Microlase Optical Systems, Molectron Detector, Nanjing Eastern Laser Co. Ltd., Nanjing Eastern Technologies Co. Ltd., Nufern, Nufern International Inc., Nufern US Inc., Nufibre Pty Ltd., Nuvonyx, O.R. Lasertechnologie GmbH, Ondax Inc., Optoskand AB, PMB Elektronik GmbH, Picometrix, Positive Light, Rasant-Alcotec Beschichtungstechnik GmbH, Raydiance, Rofin - Sinar, Rofin-Baasel China Company Ltd., Rofin-Baasel Espana S.L., Rofin-Baasel Inc., Rofin-Baasel Korea Co. Ltd., Rofin-Baasel Singapore Pte Ltd., Rofin-Baasel Taiwan Ltd., Rofin-Baasel UK LIMITED, Rofin-Sinar Laser GmbH, Rofin-Sinar Technologies Europe S.L., Rofin-Sinar Technologies LLC, StockerYale, Tinsley Laboratories, TuiLaser, and iolon inc..
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This page (NYSE:COHR) was last updated on 3/28/2024 by MarketBeat.com Staff

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