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 |
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
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
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
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
PITTSBURGH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leading provider of advanced engineered materials, announced its selection for Phase 3 of the Intelligence Advanced Research Projects Activity (IARPA) RESILIENCE program. The project focuses on the development of high-energy rechargeable lithium-sulfur (Li-S) batteries. This achievement follows the company's successful completion of Phase 2 in June 2024. Coherent is one of only two companies advancing to this critical phase. The Robust Energy Sources for Intelligence Logistics In Extreme, Novel, and Challenging Environments (RESILIENCE) program seeks to develop reliable power sources for applications in extreme
PITTSBURGH, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced new additions to its optical communications test portfolio with the launch of new high-port-count instruments in the WaveShaper family and enhanced offerings in the WaveMaker family. These new products include the WaveShaper® 32000B and 32002B reconfigurable optical processors, now available in Super-C and Super-C plus Super-L band configurations, and the WaveMaker® 500A programmable optical spectrum generator designed specifically for Super-C band applications. The WaveShaper 32000B and 32002B stand out in the industry as the only optical filter
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,
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8-K - COHERENT CORP. (0000820318) (Filer)
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10-K - COHERENT CORP. (0000820318) (Filer)
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.
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