NASDAQ:COHRCoherent Stock Price, Forecast & News

Coherent's stock was trading at $116.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, COHR shares have increased by 23.7% and is now trading at $144.56.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020.
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Coherent will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings data on Wednesday, May, 27th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.09. The scientific and technical instruments company had revenue of $293.10 million for the quarter, compared to the consensus estimate of $305.64 million. Coherent had a negative net margin of 32.25% and a positive return on equity of 4.99%. The business's revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share.
View Coherent's earnings history.

9 brokerages have issued 12 month target prices for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they anticipate Coherent's stock price to reach $167.50 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
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News headlines about COHR stock have been trending negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Coherent earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news articles about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Coherent.

Coherent saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,040,000 shares, a decrease of 6.3% from the June 15th total of 1,110,000 shares. Based on an average daily trading volume, of 184,700 shares, the short-interest ratio is presently 5.6 days. Approximately 4.4% of the shares of the company are sold short.
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Some companies that are related to Coherent include Cognex (CGNX), FLIR Systems (FLIR), National Instruments (NATI), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT).
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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), Adobe (ADBE), Universal Display (OLED), Paypal (PYPL) and Alphabet (GOOG).

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

Coherent's stock is owned by many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (0.83%), Robecosam AG (0.78%), Skylands Capital LLC (0.17%), Raymond James & Associates (0.09%), SG Americas Securities LLC (0.08%) and Comerica Bank (0.06%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs.
View institutional ownership trends for Coherent.

COHR stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Robecosam AG, Dupont Capital Management Corp, and M&T Bank Corp. 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.

COHR stock was acquired by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Boston Trust Walden Corp, Sciencast Management LP, Strs Ohio, State of Michigan Retirement System, Envestnet Asset Management Inc., Raymond James Financial Services Advisors Inc., and First Trust Advisors LP.
View insider buying and selling activity for 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.

One share of COHR stock can currently be purchased for approximately $144.56.

Coherent has a market capitalization of $3.51 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.

The official website for Coherent is 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.