Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in 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 for applications in 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.
IPO Year:
Exchange: NASDAQ
Website: coherent.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/16/2024 | $72.00 → $84.00 | Buy | Needham |
8/12/2024 | $65.00 → $75.00 | Neutral → Buy | BofA Securities |
1/16/2024 | $38.00 → $60.00 | Equal Weight → Overweight | Barclays |
12/13/2023 | $39.00 → $45.00 | Overweight → Equal-Weight | Morgan Stanley |
10/11/2023 | $31.00 → $37.00 | Neutral → Buy | B. Riley Securities |
8/17/2023 | $45.00 | Neutral → Buy | Rosenblatt |
7/18/2023 | $55.00 | Buy → Neutral | BofA Securities |
7/5/2023 | $29.00 → $45.00 | Underweight → Equal Weight | Barclays |
6/28/2023 | $47.00 | Buy → Neutral | B. Riley Securities |
6/21/2023 | $41.00 → $55.00 | Buy → Neutral | Rosenblatt |
PITTSBURGH, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the launch of new high-efficiency continuous wave (CW) distributed feedback (DFB) lasers. Specifically engineered for silicon photonics transceiver modules, this innovative laser family represents a leap forward in indium phosphide (InP) laser technology. Image 1. 70 mW CW InP Laser Diode Chip. Designed to operate in the O-band (1310 nm region), the Coherent CW InP lasers redefine the capabilities of silicon photonics modulators used in 800G and 1.6T optical transceivers. These transceivers are on the forward edge of data transmission technology,
Q4 REVENUE OF $1.314B, GREW 9.1% Y/YQ4 GAAP GROSS MARGIN OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 37.2%, GREW 132 bps Y/YQ4 GAAP EPS OF ($0.52), IMPROVEMENT OF $1.02 Y/Y; Q4 NON-GAAP EPS OF $0.61, IMPROVEMENT OF $0.20 OR +49% Y/Y PITTSBURGH, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal fourth quarter and full year ended June 30, 2024. Revenue for the fourth quarter of fiscal 2024 was $1.314 billion, with GAAP gross margin of 32.9% and GAAP net loss of $(0.52) per diluted share. On a non-GAAP basis, gross margin was 37.
PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2024, in a press release posted on Coherent's website at coherent.com/company/investor-relations after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET that same afternoon. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The c
PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representatives, who commended Coherent for its outstanding contribution to the project and highlighted the performance expectations of the TMT's primary mirror. The TMT primary mirror, consisting of 492 hexagonal segments forming a 30-meter mirror, relies on Coherent to polish these segments using the advanced stress mirror polishing (SMP) technique. This sophisticated method allows Coherent to transform
PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the scale, resiliency, and flexibility of Coherent supply chain solutions for customers. Coherent Corp., renowned for its innovative solutions in the optical communications industry, continues to leverage its advanced manufacturing capabilities to meet global demands. The company's commitment to robust supply chain solutions and efficient production processes is exemplified by its Ipoh facility. Miles
PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors. Mr. Anderson joins Coherent from Lattice Semiconductors ("Lattice"), where he was President, Chief Executive Officer, and a member of its Board of Directors. As CEO, Mr. Anderson was respon
PITTSBURGH, May 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a pioneer in laser test and measurement instruments, proudly announces the launch of its next-generation high-power laser sensor designed to support the expanding high-power applications market and reduce measurement times by up to 500%. Introducing the Coherent PM10K+ Laser Power Sensor The new Coherent PM10K+ laser power sensor can measure the power output of CW lasers up to 10 kW (12 kW intermittent) in less than 3 seconds. This cutting-edge sensor features a large 65 mm x 65 mm active area (6.5 in²) to prevent clipping of large beam sizes and includes a laser interlock function that terminates the laser du
PITTSBURGH, May 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in high-performance optical networking and laser solutions, announced today a first-to-market single-mode (SM), polarization-maintaining (PM) erbium-ytterbium co-doped optical fiber for high-power 1550 nm, narrow linewidth, and single-frequency amplifiers. Coherent is now the first company to support pure SM, PM optical fibers for >20 W average power capabilities. The key Coherent product innovation is merging exceptional high-power performance and superior beam quality to achieve unique performance characteristics previously unavailable. Additionally, it incorporates a design that emphasizes manufacturabili
PITTSBURGH, May 07, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will host an Instrumentation Market Overview webcast for investors, equity analysts, and the public on Tuesday, May 14, at 10:00 a.m. ET. Individuals wishing to view the 90-minute webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts. The event will be recorded, and a replay will be available for a limited time. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innov
PITTSBURGH, May 06, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its third quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website at coherent.com/company/investor-relations. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on Tuesday, May 7, 2024, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investo
Q4 REVENUE OF $1.314B, GREW 9.1% Y/YQ4 GAAP GROSS MARGIN OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 37.2%, GREW 132 bps Y/YQ4 GAAP EPS OF ($0.52), IMPROVEMENT OF $1.02 Y/Y; Q4 NON-GAAP EPS OF $0.61, IMPROVEMENT OF $0.20 OR +49% Y/Y PITTSBURGH, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal fourth quarter and full year ended June 30, 2024. Revenue for the fourth quarter of fiscal 2024 was $1.314 billion, with GAAP gross margin of 32.9% and GAAP net loss of $(0.52) per diluted share. On a non-GAAP basis, gross margin was 37.
PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2024, in a press release posted on Coherent's website at coherent.com/company/investor-relations after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET that same afternoon. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The c
PITTSBURGH, May 07, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will host an Instrumentation Market Overview webcast for investors, equity analysts, and the public on Tuesday, May 14, at 10:00 a.m. ET. Individuals wishing to view the 90-minute webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts. The event will be recorded, and a replay will be available for a limited time. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innov
PITTSBURGH, May 06, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its third quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website at coherent.com/company/investor-relations. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on Tuesday, May 7, 2024, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investo
PITTSBURGH, April 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended March 31, 2024, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent's management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The call will be reco
PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on February 6, 2024, at 8:00 a.m. ET. The shareholder letter sets forth detailed financial information and disclosures for the company and is designed to provide greater insight into the company's operating performance and outlook
PITTSBURGH, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended December 31, 2023, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, February 5. Coherent's management will host a conference call to discuss these results on Tuesday, February 6, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The call
PITTSBURGH, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will hold an Industrial Market Overview webcast for investors, equity analysts, and the public on Thursday, December 14, 2023, at 10:00 a.m. ET. Individuals wishing to view the two-hour webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The event will be recorded, and a replay will be available for a limited time. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to s
PITTSBURGH, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its first quarter fiscal year 2024. These have been posted as a letter to shareholders to the investor relations section of its website. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on November 7, 2023, at 8:00 a.m. ET. The letter to shareholders sets forth detailed financial information and disclosures for the company and is designed to provide greater insight into the company's operating performance and outlook in adva
PITTSBURGH, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended September 30, 2023, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, November 6. Coherent's management will host a conference call to discuss these results on Tuesday, November 7, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The call
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Needham reiterated coverage of Coherent with a rating of Buy and set a new price target of $84.00 from $72.00 previously
BofA Securities upgraded Coherent from Neutral to Buy and set a new price target of $75.00 from $65.00 previously
Barclays upgraded Coherent from Equal Weight to Overweight and set a new price target of $60.00 from $38.00 previously
Morgan Stanley downgraded Coherent from Overweight to Equal-Weight and set a new price target of $45.00 from $39.00 previously
B. Riley Securities upgraded Coherent from Neutral to Buy and set a new price target of $37.00 from $31.00 previously
Rosenblatt upgraded Coherent from Neutral to Buy and set a new price target of $45.00
BofA Securities downgraded Coherent from Buy to Neutral and set a new price target of $55.00
Barclays upgraded Coherent from Underweight to Equal Weight and set a new price target of $45.00 from $29.00 previously
B. Riley Securities downgraded Coherent from Buy to Neutral and set a new price target of $47.00
Rosenblatt downgraded Coherent from Buy to Neutral and set a new price target of $55.00 from $41.00 previously
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PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors. Mr. Anderson joins Coherent from Lattice Semiconductors ("Lattice"), where he was President, Chief Executive Officer, and a member of its Board of Directors. As CEO, Mr. Anderson was respon
PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in advanced optical systems, announced today an agreement with the Space Foundation Discovery Center, located in Colorado Springs, Colorado, to provide on loan a demonstration mirror developed for the James Webb Space Telescope (JWST). The JWST launched on December 25, 2021, after a 25-year construction project heralded as one of the most complex and ambitious projects in engineering and space exploration history. The telescope almost immediately revolutionized our understanding of the universe, much like the Hubble Space Telescope did, by providing unprecedented clarity and depth in its observations of
SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Iridia™ Inc., a pioneer in the field of DNA-based data storage, today announced the appointment of Sandeep Vij, an experienced semiconductor industry executive, to its Board of Directors. With his appointment, Iridia's Board has been expanded to seven members. "We are excited to welcome an industry veteran of Sandeep's caliber to the Iridia board," said Jay Flatley, former Illumina CEO and Chairman of Iridia's board. "With Sandeep's decades of operational and strategic experience in the semiconductor industry and track record of driving shareholder value, we look forward to leveraging his expertise to accelerate Iridia's mission critical develo
PITTSBURGH, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced the appointment of two new directors to its Board: Elizabeth A. Patrick, most recently the Senior Vice President and Chief People Officer for Diebold Nixdorf; and Michelle Sterling, a human resources consultant and former Executive Vice President and Chief Human Resources Officer at Qualcomm, Inc. The appointments became effective September 19, 2023. "I am pleased to welcome Beth and Michelle to the Coherent Board of Directors. They expand the relevant industry experience of the Board, as they are experts at developing long-term roadmaps for human
PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023. Dr. Sobey has served as President of Coherent's Lasers Segment since the closing of the merger between II-VI and Coherent, Inc., in July 2022. Prior to the merger, Dr. Sobey served as Coherent, Inc.'s, Chief Operating Officer from 2020 to 2022. He was previously Executive Vice President and General Manager of Coherent, Inc.'s, OEM Laser Sources until being promoted to COO, and before that he was Executive Vice President and General Man
PITTSBURGH, July 18, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that Dr. Christopher Dorman has been named Executive Vice President, Lasers Business. In this position, he is responsible for the Lasers Segment across the markets of precision manufacturing, semiconductor & display capital equipment, life sciences, and scientific instruments, driving operational excellence and customer focus. "Dr. Dorman's 21-year tenure with Coherent and his recognized expertise in laser technology make him the perfect choice to lead multiple businesses within our Lasers Segment," said Dr. Vincent D. Mattera, Jr., Chair and CEO.
PITTSBURGH, July 11, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and laser technology, today announced that Paul Silverstein has been appointed as Vice President, Investor Relations & Corporate Communications, reporting to Chair and CEO Dr. Vincent D. Mattera, Jr. "The appointment of Paul Silverstein to head up our investor relations and corporate communications teams is the next step in expanding our brand recognition with a renewed focus on investors," said Dr. Mattera. "Paul will play a pivotal role in representing our company to the investment community. He will lead our efforts in maintaining strong relationships with shareholders, a
PITTSBURGH, July 05, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and laser technology, today announced that Dr. Young-Kai (Y.K.) Chen has been appointed Deputy Chief Technology Officer (DCTO) of Coherent, reporting to CTO Dr. Julie Sheridan Eng. "The appointment of Dr. Y.K. Chen as Deputy Chief Technology Officer leverages his deep experience as a distinguished scientist as well as his broad view of the technology opportunities gained from his time with Bell Labs and DARPA," said Dr. Vincent D. Mattera, Jr., Chair and CEO. "As DCTO, Dr. Chen will work closely with Dr. Eng to chart the future technical direction of our company, including t
PITTSBURGH, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a global leader in materials, networking, and lasers, today announced that Dr. Beck Mason has joined the company as Executive Vice President, Telecommunications. Dr. Mason will lead the Telecommunications Business Unit within the Networking Segment. "We are excited to welcome Dr. Mason to Coherent," said Dr. Vincent D. Mattera, Jr., Chair and CEO. "In this position, Dr. Mason will identify the technology vision for Coherent's telecom product offerings, play an integral role in defining the company's technology platforms and strategic investments, and drive the profitable growth of the telecom business in the commu
PITTSBURGH, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a global leader in materials, networking, and laser technology, today announced that Dr. Julie Sheridan Eng, previously Senior VP and General Manager of Optoelectronic Devices and Modules, has become Chief Technology Officer of Coherent. "The appointment of Julie Eng as Chief Technology Officer not only recognizes her sustained contributions to the development of an entire industry, but also reveals an important step in the evolution of our exciting growth plans," said Dr. Vincent D. Mattera, Jr., Chair and CEO. "Dr. Eng will focus on Coherent's future technology platforms that will enable us to address the long-t
Coherent (NYSE:COHR) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 3 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $73.4, along with a high estimate of $90.00 and a low estimate of $65.00. This upward trend is evident,
Susquehanna analyst Mehdi Hosseini maintains Coherent (NYSE:COHR) with a Neutral and raises the price target from $55 to $90.
Investors are shifting their focus from Revenue Total Addressable Markets (TAMs) to Profit TAMs in various artificial intelligence (AI) hardware categories. JPMorgan analyst Samik Chatterjee finds that the potential for AI-led upgrades in Apple Inc’s (NASDAQ AAPL) hardware remains underappreciated. The Cupertino, California-based company has strong position in the higher-end smartphone market, coupled with a favorable Profit TAM, making it the best pick among Edge AI companies. Smaller revenue TAMs in AI networking (switching and optics) and AI storage face fewer competitors than the larger AI server market, which is marked by lower margins and fragmented market share. Also Read:
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA PUT SWEEP BEARISH 06/21/24 $127.00 $45.0K 27.2K 178.5K AAPL CALL TRAD
Coherent's (NYSE:COHR) short percent of float has risen 7.17% since its last report. The company recently reported that it has 3.75 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
These large-cap stocks were the best performers in the last week. Are they in your portfolio? Guidewire Software, Inc. (NYSE:GWRE) shares surged 14.08% after the company reported better-than-expected Q3 financial results and issued FY24 revenue guidance above estimates. Several analysts have increased their forecasts. GFL Environmental Inc. (NYSE:GFL) shares are up 11.62% following a report suggesting the company hired a financial advisor to review two buyout offers. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares increased 9.36% after the company issued strong guidance. Several analysts revised their forecasts. Arm Holdings Plc (NASDAQ:ARM) shares gained 9.26% in the last week.
Shares of Science Applications International Corporation (NASDAQ:SAIC) declined 11% to $119.91 following first-quarter results. SAIC reported a 9% revenue decline year over year in the fiscal first quarter of 2025 to $1.847 billion, marginally beating the analyst consensus estimate of $1.844 billion. Adjusted EPS of $1.92 was in line with the analyst consensus estimate, according to data from Benzinga Pro. SAIC shares dipped 11% to $119.91 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Microbot Medical Inc. (NASDAQ:MBOT) jumped 92.5% to $1.9301 after the company received FDA approval to proceed with its pivotal human clinical trial. Bio-Pa