NASDAQ:COHRCoherent Stock Price, Forecast & News

Coherent's stock was trading at $116.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, COHR shares have increased by 9.5% and is now trading at $127.97.
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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 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.31. The scientific and technical instruments company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $287.43 million. Coherent had a negative net margin of 33.76% and a positive return on equity of 3.25%. Coherent's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 EPS 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 brokerages have issued 1 year price targets for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they expect Coherent's stock price to reach $166.50 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
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Media stories about COHR stock have trended very positive on Saturday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Coherent earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media headlines 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 company's share price in the near future.
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 daily trading volume, of 184,700 shares, the short-interest ratio is currently 5.6 days. Currently, 4.4% of the shares of the company are sold short.
View Coherent's Short Interest.

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 many different institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (6.28%), Fisher Asset Management LLC (1.58%), Boston Trust Walden Corp (0.83%), New York State Common Retirement Fund (0.79%), Robecosam AG (0.78%) and Terril Brothers Inc. (0.64%). 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, Fisher Asset Management LLC, Robecosam AG, Texas Permanent School Fund, Greatmark Investment Partners Inc., and Dupont Capital Management Corp. 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 acquired 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, Coastline Trust Co, Sciencast Management LP, and Great Lakes Advisors LLC.
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 $127.97.

Coherent has a market capitalization of $3.10 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.