NASDAQ:COHRCoherent Stock Price, Forecast & News

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.
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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."
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Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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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.

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.

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.
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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.

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.

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).
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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).

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

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.

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.

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.

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 $126.92.

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.

The official website for Coherent is 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.