NASDAQ:COHRCoherent 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 (WHO). Since then, COHR shares have decreased by 3.3% and is now trading at $112.99. View which stocks have been most 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) posted its quarterly earnings results on Wednesday, February, 5th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The scientific and technical instruments company had revenue of $320.80 million for the quarter, compared to the consensus estimate of $315.53 million. Coherent had a return on equity of 6.46% and a net margin of 1.76%. The company's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period last year, the business earned $2.09 earnings per share. View Coherent's earnings history.

5 analysts have issued 1 year price objectives for Coherent's shares. Their forecasts range from $160.00 to $205.00. On average, they expect Coherent's share price to reach $184.67 in the next twelve months. This suggests a possible upside of 63.4% from the stock's current price. View analysts' price targets for Coherent.

News coverage about COHR stock has trended very negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Coherent earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutCoherent.

Coherent saw a increase in short interest in 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. Currently, 5.4% of the company's stock are sold short. View Coherent's Current Options Chain.

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).

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), Paypal (PYPL), Adobe (ADBE) 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 Hotaling Investment Management LLC (0.04%) and State of Alaska Department of Revenue (0.02%). 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 Hotaling Investment Management 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $112.99.

Coherent has a market capitalization of $2.73 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.