NASDAQ:COHR - Coherent Stock Price, Forecast & News

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

Coherent, Inc. (NASDAQ:COHR) announced its earnings results on Wednesday, February, 5th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.77 by $0.09. The scientific and technical instruments company earned $320.80 million during the quarter, compared to analysts' expectations of $315.53 million. Coherent had a net margin of 1.76% and a return on equity of 6.46%. Coherent's quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. View Coherent's Earnings History.

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Coherent.

5 brokerages have issued 12-month price objectives for Coherent's stock. Their forecasts range from $160.00 to $205.00. On average, they expect Coherent's stock price to reach $184.67 in the next twelve months. This suggests a possible upside of 50.4% from the stock's current price. View Analyst Price Targets for Coherent.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Coherent.

Media stories about COHR stock have trended positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Coherent earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave news headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Coherent.

Coherent saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 1,390,000 shares, a decline of 7.3% from the January 30th total of 1,500,000 shares. Based on an average daily volume of 239,300 shares, the days-to-cover ratio is presently 5.8 days. Currently, 5.8% of the shares of the 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherent investors own include NVIDIA (NVDA), Alibaba Group (BABA), Lam Research (LRCX), Broadcom (AVGO), Applied Materials (AMAT), Universal Display (OLED), Adobe (ADBE), Micron Technology (MU), Paypal (PYPL) and Netflix (NFLX).

Coherent's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (5.04%), Victory Capital Management Inc. (4.99%), Eagle Asset Management Inc. (3.97%), Franklin Resources Inc. (2.39%), State Street Corp (2.35%) and Pictet Asset Management Ltd. (2.14%). 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 DekaBank Deutsche Girozentrale, First Trust Advisors LP, Franklin Resources Inc., KAMES CAPITAL plc, NWQ Investment Management Company LLC, Goldman Sachs Group Inc., FMR LLC and Royce & Associates LP. 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 for Coherent.

COHR stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Pictet Asset Management Ltd., FIL Ltd, UBS Group AG, Russell Investments Group Ltd., Banco Bilbao Vizcaya Argentaria S.A., Earnest Partners LLC and Retirement Systems of Alabama. View Insider Buying and Selling 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 $122.79.

Coherent has a market capitalization of $2.97 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.View Additional Information About Coherent.

The official website for Coherent is http://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.