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. Since then, COHR stock has increased by 11.2% and is now trading at $129.97. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Coherent.

Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Coherent.

Coherent, Inc. (NASDAQ:COHR) announced its quarterly earnings data on Wednesday, May, 27th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The scientific and technical instruments company had revenue of $293.10 million for the quarter, compared to analysts' expectations of $305.64 million. Coherent had a negative net margin of 32.25% and a positive return on equity of 4.99%. The firm's revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 EPS. View Coherent's earnings history.

8 analysts have issued 1-year price objectives for Coherent's shares. Their forecasts range from $130.00 to $205.00. On average, they expect Coherent's stock price to reach $167.86 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price. View analysts' price targets for Coherent.

News articles about COHR stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Coherent earned a news sentiment score of -1.8 on InfoTrie's scale. They also gave news stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Coherent.

Coherent saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,040,000 shares, a decrease of 6.3% from the June 15th total of 1,110,000 shares. Based on an average trading volume of 184,700 shares, the short-interest ratio is presently 5.6 days. Approximately 4.4% of the shares of the company are short sold. 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), Vishay Precision Group (VPG), MTS Systems (MTSC) and Daktronics (DAKT). View all competitors.

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 many different retail and institutional investors. Top institutional investors include Robecosam AG (0.78%) and Envestnet Asset Management Inc. (0.05%). 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 Robecosam AG. 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 Envestnet Asset Management Inc.. 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 $129.97.

Coherent has a market capitalization of $3.15 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.