Coherent Tops Q2 Estimates, Boosts Margins Amid AI And Telecom Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Should l Buy COHR?
Source: Benzinga
Coherent Corp. Financial Performance: Coherent Corp. shares rose over 17.3% after reporting second-quarter sales of $1.44 billion, exceeding expectations, with significant growth in adjusted operating income and EPS, driven by strong demand in AI-related Data Centers and Telecom.
Future Outlook: The company forecasts third-quarter FY24 revenue between $1.39 billion and $1.48 billion, with adjusted EPS expected to be between $0.75 and $0.95, aligning closely with market consensus.
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Analyst Views on COHR
Wall Street analysts forecast COHR stock price to fall
13 Analyst Rating
9 Buy
4 Hold
0 Sell
Moderate Buy
Current: 280.810
Low
170.00
Averages
238.18
High
300.00
Current: 280.810
Low
170.00
Averages
238.18
High
300.00
About COHR
Coherent Corp., specializing in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. Its segments include Networking, Materials and Lasers. The Networking segment leverages its compound semiconductor technology platforms and knowledge of end-user applications for its key end markets to deliver differentiated components and subsystems. The Materials segment includes engineered materials and optoelectronic devices, such as those based on zinc selenide (ZnSe), zinc sulfide (ZnS), gallium arsenide (GaAs), indium phosphide (InP), gallium antimonide (GaSb), and silicon carbide (SiC). The Lasers segment's lasers and optics products serve industrial customers in semiconductor and display capital equipment, precision manufacturing, and aerospace & defense, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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