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.
Industry, Sector and Symbol
Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
Phone408-764-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.90 billion
Profitability
Miscellaneous
Employees5,418
Next Earnings Date5/7/2019 (Estimated)
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 share repurchase plan on Thursday, February 8th 2018, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
How were Coherent's earnings last quarter?
Coherent, Inc. (NASDAQ:COHR) released its quarterly earnings results on Tuesday, January, 29th. The scientific and technical instruments company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.07 by $0.02. The scientific and technical instruments company earned $383.15 million during the quarter, compared to the consensus estimate of $382.65 million. Coherent had a net margin of 13.33% and a return on equity of 22.05%. View Coherent's Earnings History.
When is Coherent's next earnings date?
What price target have analysts set for COHR?
9 brokerages have issued 12 month price targets for Coherent's shares. Their forecasts 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 29.2% 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 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). " (2/4/2019)
- 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?
News articles about COHR stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Coherent earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the next several days.
Who are some of Coherent's key competitors?
Some companies that are related to Coherent include PerkinElmer (PKI), Bio-Rad Laboratories (BIO), Bio-Rad Laboratories (BIO.B), Bruker (BRKR), Horiba (HRIBF), Pacific Biosciences of California (PACB), Accelerate Diagnostics (AXDX), Quanterix (QTRX), Fluidigm (FLDM), Eyepoint Pharmaceuticals (EYPT), Harvard Bioscience (HBIO), Arrayit (ARYC), HTG Molecular Diagnostics (HTGM), BioNano Genomics (BNGO) and Aethlon Medical (AEMD).
What other stocks do shareholders of Coherent own?
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 BlackRock Inc. (9.20%), Eagle Asset Management Inc. (4.88%), Victory Capital Management Inc. (3.78%), Epoch Investment Partners Inc. (2.70%), Royce & Associates LP (2.30%) and Bank of New York Mellon Corp (1.38%). 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 KAMES CAPITAL plc, Skylands Capital LLC, First Trust Advisors LP, Tocqueville Asset Management L.P., Epoch Investment Partners Inc., BB&T Securities LLC, Becker Capital Management Inc. and Hancock Whitney Corp. 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 Victory Capital Management Inc., Royce & Associates LP, Norges Bank, Gotham Asset Management LLC, American Century Companies Inc., Macquarie Group Ltd., Bank of New York Mellon Corp and Pekin Singer Strauss Asset Management IL. 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 $136.01.
How big of a company is Coherent?
Coherent has a market capitalization of $3.31 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.
