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.
Industry, Sector and Symbol
Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
SymbolNASDAQ:COHR
CUSIP19247910
Phone408-764-4000
Debt
Debt-to-Equity Ratio0.35
Current Ratio3.10
Quick Ratio1.88
Price-To-Earnings
Trailing P/E Ratio11.22
Forward P/E Ratio11.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.72 billion
Price / Sales2.23
Cash Flow$17.1182 per share
Price / Cash9.05
Book Value$47.23 per share
Price / Book3.28
Profitability
EPS (Most Recent Fiscal Year)$12.57
Net Income$207.12 million
Net Margins12.65%
Return on Equity29.28%
Return on Assets14.97%
Miscellaneous
Employees5,218
Outstanding Shares24,820,000
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 announced that its board has authorized a stock buyback 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. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
How were Coherent's earnings last quarter?
Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings data on Tuesday, May, 1st. The scientific and technical instruments company reported $3.37 earnings per share for the quarter, missing analysts' consensus estimates of $3.49 by $0.12. The scientific and technical instruments company earned $481.10 million during the quarter, compared to the consensus estimate of $481.82 million. Coherent had a return on equity of 29.28% and a net margin of 12.65%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 earnings per share. View Coherent's Earnings History.
When is Coherent's next earnings date?
What price target have analysts set for COHR?
9 equities research analysts have issued twelve-month target prices for Coherent's stock. Their forecasts range from $205.00 to $325.00. On average, they expect Coherent's share price to reach $268.3750 in the next year. 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). " (5/23/2018)
- 2. 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)
- 3. Benchmark Co. analysts commented, "We believe it is likely that Apple will employ OLED displays in all its iPhones by no later than 2019 and that other smartphone manufacturers will shift to OLED displays during this period." (10/12/2017)
Who are some of Coherent's key competitors?
Some companies that are related to Coherent include Waters (WAT), Mettler-Toledo International (MTD), Bio-Rad Laboratories, Inc. Class A Common Stock (BIO), Bio-Rad Laboratories, Inc. Class B (BIO.B), PerkinElmer (PKI), Integra Lifesciences (IART), Bruker (BRKR), Horiba (HRIBF), Accelerate Diagnostics (AXDX), Pacific Biosciences of California (PACB), Quanterix (QTRX), Fluidigm (FLDM), Harvard Bioscience (HBIO), Eyepoint Pharmaceuticals (EYPT) and HTG Molecular Diagnostics (HTGM).
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)
Has Coherent been receiving favorable news coverage?
Media coverage about COHR stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Coherent earned a coverage optimism score of 0.07 on Accern's scale. They also gave headlines about the scientific and technical instruments company an impact score of 46.91 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Coherent's major shareholders?
Coherent's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.69%), Eagle Asset Management Inc. (5.06%), Carillon Tower Advisers Inc. (3.23%), OppenheimerFunds Inc. (2.83%), Epoch Investment Partners Inc. (2.40%) and Earnest Partners LLC (1.83%). Company insiders that own Coherent stock include Bret Dimarco, Garry W Rogerson, Jay T Flatley, John Ambroseo, L William Krause, Luis Spinelli, Mark Stewart Sobey, Paul F Sechrist, Sandeep Vij, Stephen A Skaggs and Susan M James. 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 Dimensional Fund Advisors LP, OppenheimerFunds Inc., Hood River Capital Management LLC, Boston Partners, Millennium Management LLC, Franklin Resources Inc., Wells Fargo & Company MN and Victory Capital Management Inc.. Company insiders that have sold Coherent company stock in the last year include Bret Dimarco, Jay T Flatley, John Ambroseo, Paul F Sechrist, Sandeep Vij and Stephen A Skaggs. View Insider Buying and Selling for Coherent.
Which institutional investors are buying Coherent stock?
COHR stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Handelsbanken Fonder AB, State of New Jersey Common Pension Fund D, Artisan Partners Limited Partnership, BlackRock Inc., Eagle Asset Management Inc., SG Americas Securities LLC and KAMES CAPITAL plc. 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 $154.92.
How big of a company is Coherent?
Coherent has a market capitalization of $3.86 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.
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 (COHR)
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.
