NASDAQ:COHR - Coherent Stock Price, News, & Analysis

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$153.56 -2.91 (-1.86 %)
(As of 04/23/2019 08:00 AM ET)
Previous Close$156.47
Today's Range$151.33 - $156.78
52-Week Range$90.10 - $192.37
Volume292,690 shs
Average Volume374,885 shs
Market Capitalization$3.74 billion
P/E Ratio11.78
Dividend YieldN/A
Beta1.59
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.90 billion
Cash Flow$18.0447 per share
Book Value$54.10 per share

Profitability

Net Income$247.35 million

Miscellaneous

Employees5,418
Market Cap$3.74 billion
Next Earnings Date4/30/2019 (Confirmed)
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 has initiated a stock repurchase plan on Thursday, February 8th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) announced its quarterly earnings results on Tuesday, January, 29th. The scientific and technical instruments company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. The scientific and technical instruments company had revenue of $383.15 million for the quarter, compared to the consensus estimate of $382.65 million. Coherent had a return on equity of 22.05% and a net margin of 13.33%. View Coherent's Earnings History.

When is Coherent's next earnings date?

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, April 30th 2019. View Earnings Estimates for Coherent.

What price target have analysts set for COHR?

9 equities research analysts have issued 1 year target prices for Coherent's stock. Their predictions range from $125.00 to $217.00. On average, they anticipate Coherent's share price to reach $175.7143 in the next year. This suggests a possible upside of 14.4% 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 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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). " (4/2/2019)
  • 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)

Has Coherent been receiving favorable news coverage?

Press coverage about COHR stock has been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -1.6 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.

Are investors shorting Coherent?

Coherent saw a increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,291,660 shares, an increase of 47.0% from the February 28th total of 1,558,785 shares. Based on an average daily volume of 334,252 shares, the days-to-cover ratio is presently 6.9 days. Currently, 9.5% 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), Micron Technology (MU), Adobe (ADBE), Broadcom (AVGO), Netflix (NFLX), Paypal (PYPL), Alphabet (GOOG) and Applied Materials (AMAT).

Who are Coherent's key executives?

Coherent's management team includes the folowing 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)

Who are Coherent's major shareholders?

Coherent's stock is owned by a variety of of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (0.93%), BTIM Corp. (0.71%), Bangor Savings Bank (0.02%), North Star Investment Management Corp. (0.02%), State of Alaska Department of Revenue (0.01%) and Oakbrook Investments LLC (0.01%). 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 State of Alaska Department of Revenue. Company insiders that have sold Coherent company stock in the last year include Mark Stewart Sobey and Pamela Fletcher. View Insider Buying and Selling for Coherent.

Which major investors are buying Coherent stock?

COHR stock was acquired by a variety of institutional investors in the last quarter, including BTIM Corp., KAMES CAPITAL plc, North Star Investment Management Corp., Oakbrook Investments LLC and Bangor Savings Bank. 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 $153.56.

How big of a company is Coherent?

Coherent has a market capitalization of $3.74 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?

The official website for Coherent is http://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.


MarketBeat Community Rating for Coherent (NASDAQ COHR)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  411 (Vote Outperform)
Underperform Votes:  369 (Vote Underperform)
Total Votes:  780
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.
This page was last updated on 4/23/2019 by MarketBeat.com Staff

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