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NASDAQ:COHR - Coherent Stock Price, Forecast & News

$156.87
+4.40 (+2.89 %)
(As of 12/16/2019 08:28 AM ET)
Today's Range
$151.23
Now: $156.87
$157.17
50-Day Range
$144.00
MA: $152.78
$168.48
52-Week Range
$90.10
Now: $156.87
$173.92
Volume248,405 shs
Average Volume194,462 shs
Market Capitalization$3.79 billion
P/E Ratio32.08
Dividend YieldN/A
Beta1.79
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.43 billion
Cash Flow$10.00 per share
Book Value$53.57 per share

Profitability

Net Income$53.83 million

Miscellaneous

Employees5,184
Market Cap$3.79 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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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 of Directors has approved a stock repurchase program on Thursday, February 8th 2018, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) released its quarterly earnings data on Tuesday, November, 5th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.96 by $0.07. The scientific and technical instruments company had revenue of $335.50 million for the quarter, compared to analysts' expectations of $329.12 million. Coherent had a net margin of 3.76% and a return on equity of 8.95%. Coherent's revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.22 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, February 4th 2020. View Earnings Estimates for Coherent.

What price target have analysts set for COHR?

6 brokerages have issued 1-year target prices for Coherent's stock. Their forecasts range from $125.00 to $200.00. On average, they anticipate Coherent's stock price to reach $170.25 in the next twelve months. This suggests a possible upside of 8.5% 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 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Coherent.

Has Coherent been receiving favorable news coverage?

Headlines about COHR stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Coherent earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Coherent.

Are investors shorting Coherent?

Coherent saw a drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,240,000 shares, a drop of 19.5% from the October 31st total of 1,540,000 shares. Based on an average trading volume of 315,400 shares, the days-to-cover ratio is currently 3.9 days. Currently, 5.2% of the shares of the stock are short sold. View Coherent's Current Options Chain.

Who are some of Coherent's key competitors?

What other stocks do shareholders of Coherent own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherent investors own include NVIDIA (NVDA), Alibaba Group (BABA), Lam Research (LRCX), Adobe (ADBE), Applied Materials (AMAT), Broadcom (AVGO), Micron Technology (MU), Universal Display (OLED), Paypal (PYPL) and Intuitive Surgical (ISRG).

Who are Coherent's key executives?

Coherent's management team includes the folowing people:
  • Dr. John R. Ambroseo, Pres, CEO & Director (Age 58)
  • Mr. Kevin S. Palatnik, Exec. VP & CFO (Age 61)
  • Mr. Bret M. DiMarco, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Paul F. Sechrist, Exec. VP of Worldwide Sales & Services (Age 60)
  • Dr. Mark S. Sobey, Exec. VP & GM of OEM Laser Sources (Age 59)

Who are Coherent's major shareholders?

Coherent's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Eagle Asset Management Inc. (4.09%), Carillon Tower Advisers Inc. (3.04%), State Street Corp (2.37%), Pictet Asset Management Ltd. (1.78%), Fisher Asset Management LLC (1.50%) and First Trust Advisors LP (1.05%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher, Paul F Sechrist 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 State of New Jersey Common Pension Fund D, Pictet Asset Management Ltd., KAMES CAPITAL plc, Oakview Capital Management L.P., Skylands Capital LLC, Eagle Asset Management Inc., State Street Corp and Carillon Tower Advisers Inc.. View Insider Buying and Selling for Coherent.

Which major investors are buying Coherent stock?

COHR stock was bought by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Fisher Asset Management LLC, First Trust Advisors LP, Barclays PLC, Russell Investments Group Ltd., SG Americas Securities LLC, California Public Employees Retirement System and Pacer Advisors Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Coherent's stock price today?

One share of COHR stock can currently be purchased for approximately $156.87.

How big of a company is Coherent?

Coherent has a market capitalization of $3.79 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments company earns $53.83 million in net income (profit) each year or $4.89 on an earnings per share basis. Coherent employs 5,184 workers across the globe.View Additional Information About Coherent.

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:  2.6 out of 5 (star star)
Outperform Votes:  459 (Vote Outperform)
Underperform Votes:  409 (Vote Underperform)
Total Votes:  868
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 12/16/2019 by MarketBeat.com Staff

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