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Coherent Corp (COHR)
NYSE:COHR
Coherent Corp (COHR) Stock Price & Analysis
2,066 Followers
COHR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$28.47 - $67.94
Previous Close$58.89
Volume1.47M
Average Volume (3M)1.97M
Market Cap
$8.98B
Enterprise Value$12.89B
Total Cash (Recent Filing)$856.25M
Total Debt (Recent Filing)$4.39B
Price to Earnings (P/E)-20.6
Beta2.22
Next Earnings
Aug 13, 2024EPS Estimate
$0.6Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.86
Shares Outstanding152,461,013
10 Day Avg. Volume2,400,301
30 Day Avg. Volume1,974,402
Standard Deviation0.15
R-Squared0.36
Alpha-0.00189
Financial Highlights & Ratios
Price to Book (P/B)-3.17
Price to Sales (P/S)1.74
Price to Cash Flow (P/CF)33.00
P/FCF Ratio24.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.61
Enterprise Value/Gross Profit7.96
Enterprise Value/Ebitda41.96
Forecast
1Y Price Target
$66.45Price Target Upside12.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Coherent Corp News
PremiumCompany Announcements
Coherent Corp Showcases Financial Performance to InvestorsBulls Say, Bears Say
Bulls Say
Financial PerformanceCoherent reported a net non-GAAP net income of $0.53 per diluted share on sales of $1.21 billion, surpassing the consensus estimate.
Market RecoverySigns of market stabilization and expected demand recovery in the Chinese network upgrades provide a positive outlook.
Product DemandStrong sales outlook with 800G transceiver sales expected to grow significantly, indicating a solid product demand levered to AI deployments.
Bears Say
Financial PerformanceExecution remains lumpy with gross margins and EBIT margins materially below semiconductor peers, limiting multiple expansion.
Market CompetitionStiff competition in datacom transceiver market could challenge share gains and pricing pressure is expected to increase.
Revenue ExpectationsCoherent's backlog declined QOQ to $2.74B and a book-to-bill ratio below 1 in March indicates potential future revenue decline.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
COHR FAQ
What was Coherent Corp’s price range in the past 12 months?
Coherent Corp lowest stock price was $28.47 and its highest was $67.94 in the past 12 months.
What is Coherent Corp’s market cap?
Currently, no data Available
When is Coherent Corp’s upcoming earnings report date?
Coherent Corp’s upcoming earnings report date is Aug 13, 2024 which is in 84 days.
How were Coherent Corp’s earnings last quarter?
Coherent Corp released its earnings results on May 06, 2024. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.429 by $0.101.
Is Coherent Corp overvalued?
According to Wall Street analysts Coherent Corp’s price is currently Undervalued.
Does Coherent Corp pay dividends?
Coherent Corp does not currently pay dividends.
What is Coherent Corp’s EPS estimate?
Coherent Corp’s EPS estimate is $0.6.
How many shares outstanding does Coherent Corp have?
Coherent Corp has 152,461,010 shares outstanding.
What happened to Coherent Corp’s price movement after its last earnings report?
Coherent Corp reported an EPS of $0.53 in its last earnings report, beating expectations of $0.429. Following the earnings report the stock price went down -4.523%.
Which hedge fund is a major shareholder of Coherent Corp?
Among the largest hedge funds holding Coherent Corp’s share is Dodge & Cox. It holds Coherent Corp’s shares valued at 915M.
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Coherent Corp Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$66.45 (12.84% Upside)
$66.45 (12.84% Upside)
Blogger Sentiment
Bullish
COHR Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
91.88%
12-Months-Change
Fundamentals
Return on Equity
-3.78%
Trailing 12-Months
Asset Growth
2.85%
Trailing 12-Months
Company Description
Coherent Corp
II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following three segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment designs, manufactures, and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name. The Photonics segment manufactures crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communications networks and other diverse consumer, life sciences, and commercial applications. The Performance Products segment designs, manufactures, and markets infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.
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COHR Company Deck
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COHR Earnings Call
Q3 2024
0:00 / 0:00
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COHR Stock 12 Month Forecast
Average Price Target
$66.45
▲(12.84% Upside)
Technical Analysis
Best Analysts Covering COHR
1 Year
1 Year Success Rate
22/31 ratings generated profit
1 Year Average Return
+20.96%
reiterated a buy rating 14 days ago
Copying Richard Shannon's trades and holding each position for 1 Year would result in 70.97% of your transactions generating a profit, with an average return of +20.96% per trade.
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