Needham reiterated coverage on Coherent with a new price target

SAXONBURG, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, today announced that it will host an Analyst and Investor Day on Wednesday, May 28, 2025, at 9:00 a.m. EDT at the New York Stock Exchange. The event will feature presentations and a Q&A session with members of the Company's executive leadership team, including CEO Jim Anderson and CFO Sherri Luther. Presentations will be delivered in person and via live webcast accessible through Coherent's Investor Relations website at coherent.com/company/investor-relations. An archived edition of the webcast will be available later tha

SAXONBURG, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, will demonstrate a 1.6T-SR8 optical transceiver at OFC 2025. This transceiver incorporates advanced 200G vertical cavity surface emitting lasers (VCSELs) and photodiodes produced by Coherent. VCSEL-based transceivers have established dominance in data center environments due to their exceptional cost-effectiveness and low power consumption for short-reach connections. Additionally, surging demand from artificial intelligence and machine learning workloads continue to drive significant growth in such short-reach transceiver solutions. "We are proactively demonstrating this

SAXONBURG, Pa., March 31, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, will show a live demonstration of its silicon photonics-based 1.6T-DR8 transceiver module using a Marvell® Ara 3nm optical digital signal processor (DSP) at OFC 2025. This transceiver features 200 Gbps electrical and optical interfaces. While the most advanced DSPs deployed in datacom transceivers today use 5nm node sizes, there is a constant push to an even smaller node size in order to minimize electrical power dissipation. Coherent's transceiver in this demonstration uses Marvell Ara DSP, a 3nm 1.6T PAM4 optical DSP, which aims to reduce the power dissipation of 1.6T optical t

Northland Capital upgraded Coherent from Market Perform to Outperform

Rosenblatt upgraded Coherent from Neutral to Buy and set a new price target of $85.00

Raymond James upgraded Coherent from Outperform to Strong Buy and set a new price target of $91.00 from $110.00 previously

4 - COHERENT CORP. (0000820318) (Issuer)

4 - COHERENT CORP. (0000820318) (Issuer)

4 - COHERENT CORP. (0000820318) (Issuer)

4 - COHERENT CORP. (0000820318) (Issuer)

4 - COHERENT CORP. (0000820318) (Issuer)

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PITTSBURGH, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) (the "Company"), a global leader in materials, networking, and lasers, announced today that it will release second-quarter fiscal 2025 financial results on Wednesday, February 5, 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. Media Contact: Amy Wilsoncorporate.communications@c

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,

Q2 REVENUE OF $1.43B, INCREASED 27% Y/YQ2 GAAP GROSS MARGIN OF 35.5%, INCREASED 452 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 38.2%, INCREASED 363 bps Y/YQ2 GAAP EPS OF $0.44, IMPROVED $0.82 Y/Y; Q2 NON-GAAP EPS OF $0.95, IMPROVED $0.69 Y/Y SAXONBURG, Pa., Feb. 05, 2025 (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 second quarter ended December 31, 2024. Revenue for the second quarter of fiscal 2025 was $1.43 billion, with GAAP gross margin of 35.5% and GAAP net income of $0.44 per diluted share. On a non-GAAP basis, gross margin was 38.2% with net

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.

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