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NASDAQ:COHRCoherent Stock Price, Forecast & News

$126.92
-0.27 (-0.21 %)
(As of 08/7/2020 02:02 PM ET)
Add
Compare
Today's Range
$126.10
Now: $126.92
$129.46
50-Day Range
$127.02
MA: $133.79
$146.67
52-Week Range
$78.21
Now: $126.92
$178.08
Volume13,035 shs
Average Volume151,378 shs
Market Capitalization$3.08 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.76
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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Coherent logo

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$9.83 per share
Book Value$36.84 per share

Profitability

Net Income$53.83 million

Miscellaneous

Employees5,184
Market Cap$3.08 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$126.92
-0.27 (-0.21 %)
(As of 08/7/2020 02:02 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, COHR shares have increased by 8.6% and is now trading at $126.92.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Coherent?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 7 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, November 3rd 2020.
View our earnings forecast for Coherent
.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) announced its earnings results on Tuesday, August, 4th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.31. The scientific and technical instruments company had revenue of $298.30 million for the quarter, compared to analyst estimates of $287.43 million. Coherent had a positive return on equity of 3.25% and a negative net margin of 33.76%. The company's revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 earnings per share.
View Coherent's earnings history
.

What guidance has Coherent issued on next quarter's earnings?

Coherent updated its fourth quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $290-320 million, compared to the consensus revenue estimate of $325.49 million.

What price target have analysts set for COHR?

9 equities research analysts have issued 1 year price objectives for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they anticipate Coherent's share price to reach $166.50 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
View analysts' price targets for Coherent
.

Has Coherent been receiving favorable news coverage?

Media stories about COHR stock have trended positive on Friday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Coherent earned a news impact score of 2.1 on InfoTrie's scale. They also gave press coverage about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Coherent
.

Are investors shorting Coherent?

Coherent saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,040,000 shares, a decline of 6.3% from the June 15th total of 1,110,000 shares. Based on an average daily volume of 184,700 shares, the short-interest ratio is presently 5.6 days. Approximately 4.4% of the company's stock are sold short.
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 a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (6.28%), Boston Trust Walden Corp (0.83%), New York State Common Retirement Fund (0.79%), Robecosam AG (0.78%), Terril Brothers Inc. (0.64%) and Principal Financial Group Inc. (0.31%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher 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 Russell Investments Group Ltd., Skylands Capital LLC, New York State Common Retirement Fund, Robecosam AG, Texas Permanent School Fund, Greatmark Investment Partners Inc., Dupont Capital Management Corp, and Terril Brothers Inc.. 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 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., SG Americas Securities LLC, Boston Trust Walden Corp, WINTON GROUP Ltd, Swiss National Bank, Sciencast Management LP, Great Lakes Advisors LLC, and Strs Ohio.
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 $126.92.

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 8/7/2020 by MarketBeat.com Staff

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