Coherent Stock Forecast, Price & 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 stock has decreased by 9.0% and is now trading at $106.32.
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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."
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Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Coherent.

Coherent, Inc. (NASDAQ:COHR) released its quarterly earnings results on Tuesday, August, 4th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.31. The scientific and technical instruments company earned $298.30 million during the quarter, compared to analyst estimates of $287.43 million. Coherent had a positive return on equity of 3.25% and a negative net margin of 33.76%. The business's revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share.
View Coherent's earnings history.

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

11 Wall Street analysts have issued twelve-month price objectives for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they expect Coherent's stock price to reach $166.50 in the next twelve months. This suggests a possible upside of 56.6% from the stock's current price.
View analysts' price targets for Coherent.

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

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), Universal Display (OLED), Adobe (ADBE), Paypal (PYPL) and Alphabet (GOOG).

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

Coherent's stock is owned by a number of institutional and retail 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.

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.

COHR stock was bought 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.

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 $106.32.

Coherent has a market capitalization of $2.58 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 or via email at [email protected]