NASDAQ:COHR - Coherent Stock Price, Forecast & News

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 stock has decreased by 14.6% and is now trading at $99.75. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Coherent.

Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Coherent.

Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings results on Wednesday, February, 5th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The scientific and technical instruments company had revenue of $320.80 million for the quarter, compared to analyst estimates of $315.53 million. Coherent had a net margin of 1.76% and a return on equity of 6.46%. The business's quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. View Coherent's earnings history.

5 brokers have issued twelve-month target prices for Coherent's shares. Their forecasts range from $160.00 to $205.00. On average, they anticipate Coherent's stock price to reach $184.67 in the next year. This suggests a possible upside of 85.1% from the stock's current price. View analysts' price targets for Coherent.

News coverage about COHR stock has trended very negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Coherent earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCoherent.

Coherent saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,279,000 shares, an increase of 8.4% from the February 27th total of 1,180,000 shares. Based on an average trading volume of 249,000 shares, the short-interest ratio is currently 5.1 days. Approximately 5.4% of the company's shares are short sold. View Coherent's Current Options Chain.

Some companies that are related to Coherent include Cognex (CGNX), National Instruments (NATI), FLIR Systems (FLIR), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT).

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

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

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.

One share of COHR stock can currently be purchased for approximately $99.75.

Coherent has a market capitalization of $2.41 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.

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

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.