PITTSBURGH, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that it is evaluating strategic alternatives for its battery technology platform. The platform encompasses a suite of cathode, electrolyte, and cell technologies built around the breakthrough sulfur immobilization technology developed by Coherent over the past decade. Cells based on immobilized sulfur cathodes have achieved industry-leading performance, finally unlocking the potential of sulfur as a battery cathode. These innovations have been recognized with multiple funding awards from the U.S. Department of Energy Vehicle Technologies Office (D

Image 1: ARM FL20D fiber laser system. PITTSBURGH, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in laser technology, today announced the launch of the ARM FL20D fiber laser. This new offering in the highly successful ARM laser family features a new higher power level of 20 kW and a unique dual ring beam configuration. Representing a significant advance in welding capability, the ARM FL20D enables faster speeds and improved quality in a wide range of applications. The unique design of the ARM FL20D incorporates a center beam and two coaxial ring beams, all with independent control. This configuration allows for precise control over the welding process, r

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

Image 1: CUT12 sheet metal laser cutting processing head. PITTSBURGH, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in industrial laser technology, announced the launch of a new 2D laser cutting head that offers an exceptional mix of performance, versatility, and value to the global flat sheet cutting market. The new CUT12 is compatible with fiber lasers in the 4 kW to 12 kW (CW) power range and operates at a maximum numerical aperture (NA) of 0.15, thus enabling it to utilize the full power of numerous available standard and beam shaping fiber lasers. With a magnification of 2.0, it can deliver the demanding focused-spot characteristics necessary for

PITTSBURGH, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in industrial laser technology, announced the launch of the EDGE FLTM high-power fiber laser series, tailored for cutting applications in the machine tool industry. Available with power levels from 1.5 kW to 20 kW, the EDGE FL series redefines the balance between value and performance, targeting the growing demand for high-power, reliable laser sources in fiber laser cutting. As global markets drive the demand for higher-power and more resilient laser systems, the EDGE FL series delivers all the performance but unburdened by a costly price tag. A pioneer in laser technology and components, Cohe

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. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that the Company made awards of restricted stock units ("RSUs") and performance stock units ("PSUs") to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective on her start date, October 11, 2024. The awards were made pursuant to the Company's previously announced offer letter agreement with Ms. Luther, and as a material inducement to her joining the Company as its Chief Financial Officer and Treasurer. The material terms of the awards are as follows: The first award of RSUs covers 15,902 shares of the Company's

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.

PITTSBURGH, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics solutions for the semiconductor industry, is proud to announce that it has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights achievements by Coherent for sustainability efforts as part of the KLA Supply Chain Sustainability program. Coherent executives were present to receive the award, presented at the KLA Supplier Day event on October 8. "We are honored to receive this award and to be recognized by KLA for our commitment to sustainability," said Chris Dorman, Executive VP, Lasers Segment. "This achievement reflects our ongoing efforts to create a

PITTSBURGH, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the sale of its manufacturing facility in Newton Aycliffe, County Durham, UK. The sale is part of the company's ongoing efforts to streamline operations and optimize its global footprint. "Divesting the Newton Aycliffe plant is part of our effort to optimize our portfolio and streamline our operations, which allows us to focus our investment and capital on the areas of greatest long-term growth and profitability for the company," said Jim Anderson, CEO. The 310,000 square feet plant, located in Aycliffe Business Park, was acquired by the former

4 - COHERENT CORP. (0000820318) (Issuer)

4 - COHERENT CORP. (0000820318) (Issuer)

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.

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

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:

Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value E

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