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 increased by 6.9% and is now trading at $124.98.
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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, November 3rd 2020.
View our earnings forecast for Coherent.

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

Coherent issued an update on 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.

9 equities research analysts have issued twelve-month price objectives for Coherent's shares. Their forecasts range from $130.00 to $205.00. On average, they anticipate Coherent's share price to reach $166.50 in the next year. This suggests a possible upside of 33.2% from the stock's current price.
View analysts' price targets for Coherent.

News headlines about COHR stock have trended very negative this week, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -3.9 on InfoTrie's scale. They also assigned media coverage about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Coherent.

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), Broadcom (AVGO), Micron Technology (MU), Applied Materials (AMAT), Adobe (ADBE), Paypal (PYPL), Alphabet (GOOG) and Universal Display (OLED).

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

Coherent's stock is owned by many different institutional and retail investors. Top institutional investors include 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%), Boston Trust Walden Corp (0.83%) and New York State Common Retirement Fund (0.79%). 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 Russell Investments Group Ltd., Skylands Capital LLC, New York State Common Retirement Fund, Goldman Sachs Group Inc., Minneapolis Portfolio Management Group LLC, Fisher Asset Management LLC, Prudential Financial Inc., and Robecosam AG. 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 Victory Capital Management Inc., Macquarie Group Ltd., SG Americas Securities LLC, Boston Trust Walden Corp, WINTON GROUP Ltd, Swiss National Bank, Coastline Trust Co, and Sciencast Management 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 $124.98.

Coherent has a market capitalization of $3.03 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.