NASDAQ:COHR - Coherent Stock Price, Forecast & News

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

Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings results on Wednesday, February, 5th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the Zacks' consensus estimate 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 net margin of 1.76% and a return on equity of 6.46%. The firm's quarterly revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. View Coherent's Earnings History.

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Coherent.

5 equities research analysts have issued 1 year price objectives for Coherent's shares. Their forecasts range from $160.00 to $205.00. On average, they anticipate Coherent's share price to reach $184.67 in the next twelve months. This suggests a possible upside of 43.5% from the stock's current price. View Analyst Price Targets for Coherent.

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.

Media stories about COHR stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog 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 impact score of -4.1 on InfoTrie's scale. They also gave news headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Coherent.

Coherent saw a drop in short interest in the month of February. As of February 14th, there was short interest totalling 1,390,000 shares, a drop of 7.3% from the January 30th total of 1,500,000 shares. Based on an average trading volume of 239,300 shares, the days-to-cover ratio is presently 5.8 days. Approximately 5.8% 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), Adobe (ADBE), Micron Technology (MU), Paypal (PYPL) and Netflix (NFLX).

Coherent's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (5.04%), Victory Capital Management Inc. (4.99%), Eagle Asset Management Inc. (3.97%), Franklin Resources Inc. (2.39%), State Street Corp (2.35%) and Pictet Asset Management Ltd. (2.14%). 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 DekaBank Deutsche Girozentrale, First Trust Advisors LP, Franklin Resources Inc., KAMES CAPITAL plc, NWQ Investment Management Company LLC, Goldman Sachs Group Inc., FMR LLC and Royce & Associates LP. 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 for Coherent.

COHR stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Pictet Asset Management Ltd., Macquarie Group Ltd., FIL Ltd, UBS Group AG, Russell Investments Group Ltd., Banco Bilbao Vizcaya Argentaria S.A. and Earnest Partners LLC. View Insider Buying and Selling 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 $128.71.

Coherent has a market capitalization of $3.11 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.