Jefferies initiated coverage on Coherent with a new price target
$COHR
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Jefferies initiated coverage of Coherent with a rating of Buy and set a new price target of $135.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | $135.00 | Buy | Jefferies |
| 11/18/2024 | $106.00 → $136.00 | Buy | Citigroup |
| 10/22/2024 | $105.00 | Buy → Neutral | Rosenblatt |
| 10/18/2024 | $86.00 | Buy → Neutral | B. Riley Securities |
| 10/14/2024 | $84.00 → $120.00 | Buy | Needham |
| 10/1/2024 | $120.00 | Neutral → Positive | Susquehanna |
| 8/16/2024 | $72.00 → $84.00 | Buy | Needham |
| 8/12/2024 | $65.00 → $75.00 | Neutral → Buy | BofA Securities |
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
Image 1: Ultrabroadband diffraction gratings PITTSBURGH, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in laser and photonics solutions, today announced the launch of its Ultrabroadband UV-VIS and VIS-NIR Diffraction Gratings. These cutting-edge optics set a new standard in optical system performance, offering unmatched design flexibility, precision and efficiency for various applications in the life science and medical markets. Diffraction gratings are vital optical components that use finely spaced grooves to diffract light into its constituent wavelengths, enabling precise spectral analysis and control. By simplifying complex optical systems and enhan
PITTSBURGH, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in materials, networking, and lasers, today published its Environmental, Social, and Governance (ESG) Report for FY2024. The report is available on the Coherent website at this link. Highlights from the ESG Report 2024 include: Coherent now obtains 78% of its global electricity needs from renewable sources, representing over 550 million kWh of renewable electricity per year, and thereby avoiding 234,000 metric tons of carbon dioxide equivalent (CO2e) in FY2024. Coherent was named a Certification Champion at the Sapphire level by the Board of Safety Professionals in recognition of its commitment to employee
PITTSBURGH, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in laser technology, today announced the launch of its latest generation adjustable ring mode fiber laser ARM FL. This next generation platform, featuring a new advanced controller, offers all the functions of its predecessor while reducing the volume and footprint by 50%. The demand for compact, high-performance laser solutions has been steadily increasing, particularly in industries such as automotive and electronics manufacturing. The new ARM FL addresses this need by offering a smaller form factor without compromising on power or precision. Its modular design enables future customization and adap
8-K - COHERENT CORP. (0000820318) (Filer)
8-K - COHERENT CORP. (0000820318) (Filer)
8-K - COHERENT CORP. (0000820318) (Filer)
PITTSBURGH, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced today that it will release first-quarter fiscal 2025 financial results on Wednesday, November 6, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 5:00 p.m. ET to discuss the results. The Company invites investors to join the live audio webcast at coherent.com/company/investor-relations/financial-webcasts. The webcast will be recorded, and a replay will be available within 24 hours after the live audio webcast on the company's website. About CoherentCoherent empowers m
PITTSBURGH, Oct. 21, 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, it has appointed Rob Beard as the Company's new Chief Legal and Global Affairs Officer, and Corporate Secretary, effective today. Rob replaces current Chief Legal Officer Ron Basso, who is retiring. The Company has also promoted Marie Batz Martin to Chief Compliance Officer, reporting to Rob. Mr. Beard joins Coherent from Mastercard Incorporated ("Mastercard"), where he was Chief Legal and Global Affairs Officer. Before Mastercard, Rob spent nearly a decade at Micron Technology,
PITTSBURGH, Oct. 11, 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, it has appointed Sherri Luther as the Company's new Chief Financial Officer and Treasurer, effective today. Ms. Luther joins Coherent from Lattice Semiconductor ("Lattice"), where she was Chief Financial Officer since 2019. Before Lattice, Ms. Luther spent 16 years at Coherent, Inc., prior to its acquisition, including as Corporate Vice President of Finance. "We are pleased to welcome Sherri Luther back to Coherent's leadership team," said Jim Anderson, Chief Executive Officer.
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
Q1 REVENUE OF $1.35B, INCREASED 28% Y/YQ1 GAAP GROSS MARGIN OF 34.1%, INCREASED 499 bps Y/Y; Q1 NON-GAAP GROSS MARGIN OF 37.7%, INCREASED 293 bps Y/YQ1 GAAP EPS OF ($0.04), IMPROVED 94% Y/Y; Q1 NON-GAAP EPS OF $0.74, IMPROVED 357% Y/Y PITTSBURGH, Nov. 06, 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 first quarter ended September 30, 2024. Revenue for the first quarter of fiscal 2025 was $1.35 billion, with GAAP gross margin of 34.1% and GAAP net loss of $(0.04) per diluted share. On a non-GAAP basis, gross margin was 37.7% wit
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
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SC 13G - COHERENT INC (0000021510) (Subject)
Jefferies initiated coverage of Coherent with a rating of Buy and set a new price target of $135.00
Citigroup resumed coverage of Coherent with a rating of Buy and set a new price target of $136.00 from $106.00 previously
Rosenblatt downgraded Coherent from Buy to Neutral and set a new price target of $105.00