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 Date7/30/2019 (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 has authorized a share buyback program on Thursday, February 8th 2018, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.
How were Coherent's earnings last quarter?
Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings data on Tuesday, April, 30th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by $0.01. The scientific and technical instruments company had revenue of $372.90 million for the quarter, compared to analyst estimates of $369.11 million. Coherent had a net margin of 11.56% and a return on equity of 17.88%. Coherent's revenue was down 22.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.37 EPS. View Coherent's Earnings History.
When is Coherent's next earnings date?
What price target have analysts set for COHR?
10 analysts have issued 12 month price targets for Coherent's stock. Their predictions range from $125.00 to $217.00. On average, they expect Coherent's stock price to reach $169.8750 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price. View Analyst Price Targets for Coherent.
What is the consensus analysts' recommendation for Coherent?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 6 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). " (5/6/2019)
- 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?
Headlines about COHR stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Coherent earned a news impact score of -1.2 on InfoTrie's scale. They also gave news articles about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future.
Who are some of Coherent's key competitors?
Some companies that are related to Coherent include PerkinElmer (PKI), Bio-Rad Laboratories (BIO.B), Bio-Rad Laboratories (BIO), Bruker (BRKR), Horiba (HRIBF), Pacific Biosciences of California (PACB), Accelerate Diagnostics (AXDX), Fluidigm (FLDM), Quanterix (QTRX), Eyepoint Pharmaceuticals (EYPT), Harvard Bioscience (HBIO), HTG Molecular Diagnostics (HTGM), Arrayit (ARYC), Precipio (PRPO) and BioNano Genomics (BNGO).
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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.32%), Vulcan Value Partners LLC (4.98%), Eagle Asset Management Inc. (4.19%), Victory Capital Management Inc. (4.16%), Carillon Tower Advisers Inc. (3.07%) and Wellington Management Group LLP (3.00%). Company insiders that own Coherent stock include Bret Dimarco, 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 Eagle Asset Management Inc., Carillon Tower Advisers Inc., Federated Investors Inc. PA, Morgan Stanley, Oakview Capital Management L.P., Handelsbanken Fonder AB, LSV Asset Management and Wells Fargo & Company MN. 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 purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Pictet Asset Management Ltd., State of New Jersey Common Pension Fund D, First Trust Advisors LP, Dimensional Fund Advisors LP, ACK Asset Management LLC, Victory Capital Management Inc. and Becker Capital Management Inc.. 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 $121.52.
How big of a company is Coherent?
Coherent has a market capitalization of $2.96 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.
