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
Stock Exchange NASDAQ
Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
Current SymbolNASDAQ:COHR
Previous Symbol
CUSIP19247910
Phone408-764-4000
Debt
Debt-to-Equity Ratio0.32
Current Ratio3.32
Quick Ratio2.02
Price-To-Earnings
Trailing P/E Ratio9.14
Forward P/E Ratio11.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.90 billion
Price / Sales1.53
Cash Flow$18.3180 per share
Price / Cash Flow6.51
Book Value$54.10 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$13.04
Net Income$247.35 million
Net Margins13.00%
Return on Equity25.89%
Return on Assets14.37%
Miscellaneous
Employees5,418
Outstanding Shares24,380,000
Market Cap$2.92 billion
OptionableOptionable
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 declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 8th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
How were Coherent's earnings last quarter?
Coherent, Inc. (NASDAQ:COHR) issued its earnings results on Tuesday, November, 6th. The scientific and technical instruments company reported $3.22 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.96 by $0.26. The scientific and technical instruments company earned $461.50 million during the quarter, compared to analysts' expectations of $460.60 million. Coherent had a return on equity of 25.89% and a net margin of 13.00%. The business's quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 EPS. View Coherent's Earnings History.
When is Coherent's next earnings date?
What guidance has Coherent issued on next quarter's earnings?
Coherent updated its fourth quarter 2018 earnings guidance on Monday, October, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $460-461 million, compared to the consensus revenue estimate of $471.87 million.
What price target have analysts set for COHR?
9 brokerages have issued 1 year target prices for Coherent's stock. Their predictions range from $170.00 to $217.00. On average, they anticipate Coherent's stock price to reach $198.1667 in the next twelve months. This suggests a possible upside of 66.2% from the stock's current price. View Analyst Price Targets for Coherent.
What is the consensus analysts' recommendation for Coherent?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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). " (10/10/2018)
- 2. Benchmark Co. analysts commented, "We maintain our Buy recommendation and $216 target price. Buy Current Price $177.88 Price Target $216.00 52-Wk Range $145.66 – $329.00 Market Cap (B) $4.32 Enterprise Value (B) $4.41 24,300 Avg. Vol. (30 day) (000s) 436.9 FY Sep Revenue (m) 2017A $346.073A $422.833A $464.107A $490.298A $1,723.311A 2018E $477.565A $481.118A $482.342A $480.000E $1,921.025E 2019E $460.000E $440.000E $465.000E $480.000E $1,845.000E Coherent Inc." (9/13/2018)
- 3. 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)
Has Coherent been receiving favorable news coverage?
News headlines about COHR stock have been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Coherent earned a news sentiment score of 3.9 on InfoTrie's scale. They also gave 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 stock's share price in the near term.
Who are some of Coherent's key competitors?
Some companies that are related to Coherent include PerkinElmer (PKI), Bio-Rad Laboratories, Inc. Class B (BIO.B), Bio-Rad Laboratories (BIO), Bruker (BRKR), Horiba (HRIBF), Pacific Biosciences of California (PACB), Accelerate Diagnostics (AXDX), Quanterix (QTRX), Fluidigm (FLDM), Eyepoint Pharmaceuticals (EYPT), Harvard Bioscience (HBIO), HTG Molecular Diagnostics (HTGM), BioNano Genomics (BNGO), Arrayit (ARYC) and Aethlon Medical (AEMD).
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)
Who are Coherent's major shareholders?
Coherent's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.27%), Vanguard Group Inc. (8.99%), OppenheimerFunds Inc. (4.95%), Eagle Asset Management Inc. (4.87%), Carillon Tower Advisers Inc. (3.53%) and Epoch Investment Partners Inc. (2.86%). Company insiders that own Coherent stock include Bret Dimarco, Garry W Rogerson, Jay T Flatley, John Ambroseo, Mark Stewart Sobey, Pamela Fletcher, Paul F Sechrist, Sandeep Vij and Stephen A Skaggs. View Institutional Ownership Trends for Coherent.
Which major investors are selling Coherent stock?
COHR stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Pictet Asset Management Ltd., Teachers Advisors LLC, Wells Fargo & Company MN, Greatmark Investment Partners Inc., BlackRock Inc., Morgan Stanley and NWQ Investment Management Company LLC. Company insiders that have sold Coherent company stock in the last year include Mark Stewart Sobey, Pamela Fletcher, Paul F Sechrist and Stephen A Skaggs. View Insider Buying and Selling for Coherent.
Which major investors are buying Coherent stock?
COHR stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., First Trust Advisors LP, American Century Companies Inc., Becker Capital Management Inc., Franklin Resources Inc., Macquarie Group Ltd., Minneapolis Portfolio Management Group LLC and OppenheimerFunds Inc.. 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 $119.25.
How big of a company is Coherent?
Coherent has a market capitalization of $2.92 billion and generates $1.90 billion in revenue each year. The scientific and technical instruments company earns $247.35 million in net income (profit) each year or $13.04 on an earnings per share basis. Coherent employs 5,418 workers across the globe.
What is Coherent's official website?
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 (NASDAQ 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.
