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NASDAQ:COHRCoherent Stock Price, Forecast & News

$127.05
-2.92 (-2.25 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$126.55
Now: $127.05
$130.62
50-Day Range
$128.58
MA: $141.04
$156.22
52-Week Range
$78.21
Now: $127.05
$178.08
Volume140,800 shs
Average Volume189,578 shs
Market Capitalization$3.08 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.77
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used in markets, including 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
Current SymbolNASDAQ:COHR
CUSIP19247910
Phone408-764-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.43 billion
Cash Flow$9.78 per share
Book Value$53.57 per share

Profitability

Net Income$53.83 million

Miscellaneous

Employees5,184
Market Cap$3.08 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Coherent (NASDAQ:COHR) Frequently Asked Questions

How has Coherent's stock been impacted by COVID-19 (Coronavirus)?

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 stock has increased by 8.7% and is now trading at $127.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Coherent?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Coherent.

When is Coherent's next earnings date?

Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Coherent.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings results on Wednesday, May, 27th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 analyst estimates of $305.64 million. Coherent had a positive return on equity of 4.99% and a negative net margin of 32.25%. The firm's revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. View Coherent's earnings history.

What price target have analysts set for COHR?

8 Wall Street analysts have issued twelve-month target prices for Coherent's shares. Their forecasts range from $130.00 to $205.00. On average, they expect Coherent's stock price to reach $167.86 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price. View analysts' price targets for Coherent.

Has Coherent been receiving favorable news coverage?

News articles about COHR stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research group 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 negative five to five, with scores nearest to five being the most favorable. Coherent earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Coherent.

Are investors shorting Coherent?

Coherent saw a decrease in short interest in 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 currently 5.6 days. Approximately 4.4% of the shares of the company are short sold. View Coherent's Current Options Chain.

Who are some of Coherent's key competitors?

What other stocks do shareholders of Coherent own?

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).

Who are Coherent's key executives?

Coherent's management team includes the following people:
  • Dr. John R. Ambroseo, Pres, CEO & Director (Age 58)
  • Mr. Kevin S. Palatnik, Exec. VP & CFO (Age 61)
  • Mr. Bret M. DiMarco, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Paul F. Sechrist, Exec. VP of Worldwide Sales & Services (Age 60)
  • Dr. Mark S. Sobey, Exec. VP & GM of OEM Laser Sources (Age 59)

What is Coherent's stock symbol?

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

Who are Coherent's major shareholders?

Coherent's stock is owned by many different institutional and retail investors. Top institutional shareholders include Robecosam AG (0.78%) and Envestnet Asset Management Inc. (0.05%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs. View institutional ownership trends for Coherent.

Which institutional investors are selling Coherent stock?

COHR stock was sold by a variety of institutional investors in the last quarter, including 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.

Which institutional investors are buying Coherent stock?

COHR stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Coherent's stock price today?

One share of COHR stock can currently be purchased for approximately $127.05.

How big of a company is Coherent?

Coherent has a market capitalization of $3.08 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.

What is Coherent's official website?

The official website for Coherent is www.coherent.com.

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.

This page was last updated on 7/11/2020 by MarketBeat.com Staff

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