NASDAQ:COHR - Coherent Stock Price, News, & Analysis

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$120.6850 -2.88 (-2.33 %)
(As of 10/23/2018 09:43 AM ET)
Previous Close$123.57
Today's Range$119.51 - $121.18
52-Week Range$120.77 - $329.00
Volume18,701 shs
Average Volume538,443 shs
Market Capitalization$3.21 billion
P/E Ratio9.60
Dividend YieldN/A
Beta1.04
Coherent, Inc. provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. Its products are used in markets, such as microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent Inc. was founded in 1966 and is headquartered in Santa Clara, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
SymbolNASDAQ:COHR
CUSIP19247910
Phone408-764-4000

Debt

Debt-to-Equity Ratio0.34
Current Ratio3.28
Quick Ratio1.87

Price-To-Earnings

Trailing P/E Ratio9.60
Forward P/E Ratio9.20
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.72 billion
Price / Sales1.70
Cash Flow$15.6734 per share
Price / Cash7.70
Book Value$47.23 per share
Price / Book2.56

Profitability

EPS (Most Recent Fiscal Year)$12.57
Net Income$207.12 million
Net Margins12.84%
Return on Equity28.01%
Return on Assets14.95%

Miscellaneous

Employees5,218
Outstanding Shares24,300,000
Market Cap$3.21 billion

Coherent (NASDAQ:COHR) Frequently Asked Questions

What is Coherent's stock symbol?

Coherent trades on the NASDAQ under the ticker symbol "COHR."

How will Coherent's stock buyback program work?

Coherent declared that its board has initiated a stock repurchase plan on Thursday, February 8th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) announced its quarterly earnings results on Tuesday, July, 31st. The scientific and technical instruments company reported $3.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.54 by $0.03. The scientific and technical instruments company had revenue of $482 million for the quarter, compared to analysts' expectations of $491.31 million. Coherent had a net margin of 12.84% and a return on equity of 28.01%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $3.36 EPS. View Coherent's Earnings History.

When is Coherent's next earnings date?

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, November 6th 2018. View Earnings Estimates for Coherent.

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

Coherent updated its fourth quarter 2018 earnings guidance on Monday, October, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $460-461 million, compared to the consensus revenue estimate of $471.87 million.

What price target have analysts set for COHR?

6 brokers have issued 12-month price objectives for Coherent's stock. Their predictions range from $190.00 to $218.00. On average, they expect Coherent's stock price to reach $211.6667 in the next year. This suggests a possible upside of 71.3% from the stock's current price. View Analyst Price Targets for Coherent.

What is the consensus analysts' recommendation for Coherent?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Coherent.

What are Wall Street analysts saying about Coherent stock?

Here are some recent quotes from research analysts about Coherent stock:
  • 1. According to Zacks Investment Research, "Coherent, Inc. is an American company, designs, manufactures and markets laser systems and components, laser measurement and control products, optics, and laser accessories, which are used both in industry and scientific research. Their markets are the microelectronics industry (e.g., flat panel display manufacturing, integrated circuit packaging, and integrated circuit inspection), scientific research, OEM components, and materials processing (e.g., CO2 lasers for cutting metals). " (10/10/2018)
  • 2. Benchmark Co. analysts commented, "We maintain our Buy recommendation and $216 target price. Buy Current Price $177.88 Price Target $216.00 52-Wk Range $145.66 – $329.00 Market Cap (B) $4.32 Enterprise Value (B) $4.41 24,300 Avg. Vol. (30 day) (000s) 436.9 FY Sep Revenue (m) 2017A $346.073A $422.833A $464.107A $490.298A $1,723.311A 2018E $477.565A $481.118A $482.342A $480.000E $1,921.025E 2019E $460.000E $440.000E $465.000E $480.000E $1,845.000E Coherent Inc." (9/13/2018)
  • 3. Needham & Company LLC analysts commented, "IPHI reported in-line 4Q17 results but provided 1Q18 guidance meaningfully below our and the Street’s estimates that were reduced just three weeks ago. While IPHI continues to see an inventory correction in the China coherent long-haul/ metro market, other recent market developments have led to newer headwinds in the near term. Management still expects to see a recovery in its TIA/driver business starting in 2Q18 and continuing throughout FY18, and new products ramps in 2H18 are expected to contribute to higher GMs and EPS growth. While we remain positive about IPHI’s long-term prospects, we lower our estimates and PT to $35 from $45 to reflect the lower revenue trough. We are aggressive buyers below $26." (2/8/2018)

Who are some of Coherent's key competitors?

Who are Coherent's key executives?

Coherent's management team includes the folowing people:
  • Dr. John R. Ambroseo, Pres, CEO & Director (Age 57)
  • Mr. Kevin S. Palatnik, Exec. VP & CFO (Age 60)
  • Mr. Bret M. DiMarco, Exec. VP, Gen. Counsel & Corp. Sec. (Age 50)
  • Mr. Paul F. Sechrist, Exec. VP of Worldwide Sales & Services (Age 59)
  • Dr. Mark S. Sobey, Exec. VP & GM of OEM Laser Sources (Age 58)

Who are Coherent's major shareholders?

Coherent's stock is owned by many different of retail and institutional investors. Top institutional shareholders include KAMES CAPITAL plc (1.70%), Skylands Capital LLC (0.90%), BB&T Corp (0.08%), Texas Permanent School Fund (0.06%), North Growth Management Ltd. (0.05%) and Aperio Group LLC (0.03%). Company insiders that own Coherent stock include Bret Dimarco, Garry W Rogerson, Jay T Flatley, John Ambroseo, Luis Spinelli, Mark Stewart Sobey, Paul F Sechrist, Sandeep Vij and Stephen A Skaggs. View Institutional Ownership Trends for Coherent.

Which major investors are selling Coherent stock?

COHR stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, KAMES CAPITAL plc and Texas Permanent School Fund. Company insiders that have sold Coherent company stock in the last year include Bret Dimarco, Jay T Flatley, Mark Stewart Sobey, Paul F Sechrist, Sandeep Vij and Stephen A Skaggs. View Insider Buying and Selling for Coherent.

Which major investors are buying Coherent stock?

COHR stock was purchased by a variety of institutional investors in the last quarter, including North Growth Management Ltd., SG Capital Management LLC, Essex Investment Management Co. LLC, BB&T Corp, Centre Asset Management LLC, Oakbrook Investments LLC, State of Alaska Department of Revenue and Aperio Group LLC. View Insider Buying and Selling for Coherent.

How do I buy shares of Coherent?

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

What is Coherent's stock price today?

One share of COHR stock can currently be purchased for approximately $123.57.

How big of a company is Coherent?

Coherent has a market capitalization of $3.21 billion and generates $1.72 billion in revenue each year. The scientific and technical instruments company earns $207.12 million in net income (profit) each year or $12.57 on an earnings per share basis. Coherent employs 5,218 workers across the globe.

What is Coherent's official website?

The official website for Coherent is http://www.coherent.com.

How can I contact Coherent?

Coherent's mailing address is 5100 Patrick Henry Drive, Santa Clara CA, 95054. The scientific and technical instruments company can be reached via phone at 408-764-4000.


MarketBeat Community Rating for Coherent (NASDAQ COHR)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  387 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  706
MarketBeat's community ratings are surveys of what our community members think about Coherent and other stocks. Vote "Outperform" if you believe COHR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COHR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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