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NASDAQ:COHR

Coherent Stock Forecast, Price & News

$110.96
+1.22 (+1.11 %)
(As of 09/18/2020 10:07 AM ET)
Add
Compare
Today's Range
$110.59
Now: $110.96
$111.45
50-Day Range
$107.20
MA: $119.14
$145.33
52-Week Range
$78.21
Now: $110.96
$178.08
Volume397 shs
Average Volume214,088 shs
Market Capitalization$2.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.66
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. Its products are used in markets, including 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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Coherent logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.43 billion
Cash Flow$10.17 per share
Book Value$53.57 per share

Profitability

Net Income$53.83 million

Miscellaneous

Employees5,184
Market Cap$2.69 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$110.96
+1.22 (+1.11 %)
(As of 09/18/2020 10:07 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Coherent (NASDAQ:COHR) Frequently Asked Questions

How has Coherent's stock been impacted by COVID-19?

Coherent's stock was trading at $116.87 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, COHR shares have decreased by 6.1% and is now trading at $109.74.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Coherent?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Coherent
.

When is Coherent's next earnings date?

Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Coherent
.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings data on Tuesday, August, 4th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.31. The scientific and technical instruments company had revenue of $298.30 million for the quarter, compared to analysts' expectations of $287.43 million. Coherent had a positive return on equity of 3.25% and a negative net margin of 33.76%. Coherent's quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS.
View Coherent's earnings history
.

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

Coherent issued an update on its fourth quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $290-320 million, compared to the consensus revenue estimate of $325.49 million.

What price target have analysts set for COHR?

11 brokerages have issued 12-month price objectives for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they anticipate Coherent's share price to reach $166.50 in the next twelve months. This suggests a possible upside of 51.7% from the stock's current price.
View analysts' price targets for Coherent
.

Are investors shorting Coherent?

Coherent saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 799,100 shares, a decrease of 14.1% from the August 15th total of 930,300 shares. Based on an average daily volume of 175,000 shares, the short-interest ratio is currently 4.6 days. Currently, 3.4% of the shares of the stock are sold short.
View Coherent's Short Interest
.

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), Applied Materials (AMAT), Broadcom (AVGO), Micron Technology (MU), Universal Display (OLED), Adobe (ADBE), Paypal (PYPL) and Alphabet (GOOG).

Who are Coherent's key executives?

Coherent's management team includes the following 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)

What is Coherent's stock symbol?

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

Who are Coherent's major shareholders?

Coherent's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.48%), Victory Capital Management Inc. (6.28%), Bank of New York Mellon Corp (2.02%), Fisher Asset Management LLC (1.58%), Macquarie Group Ltd. (1.53%) and Channing Capital Management LLC (1.17%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs.
View institutional ownership trends for Coherent
.

Which institutional investors are selling Coherent stock?

COHR stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Russell Investments Group Ltd., Skylands Capital LLC, New York State Common Retirement Fund, FMR LLC, Silvercrest Asset Management Group LLC, Goldman Sachs Group Inc., and Minneapolis Portfolio Management Group LLC. Company insiders that have sold Coherent company stock in the last year include Mark Stewart Sobey, and Stephen A Skaggs.
View insider buying and selling activity for Coherent
.

Which institutional investors are buying Coherent stock?

COHR stock was purchased by a variety of institutional investors in the last quarter, including Electron Capital Partners LLC, Victory Capital Management Inc., Shelter Haven Capital Management L.P., PDT Partners LLC, Neuberger Berman Group LLC, Cubist Systematic Strategies LLC, Macquarie Group Ltd., and SG Americas Securities LLC.
View insider buying and selling activity 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 $109.74.

How big of a company is Coherent?

Coherent has a market capitalization of $2.66 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.

What is Coherent's official website?

The official website for Coherent is 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 or via email at [email protected]

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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