MARKET COMPOSITE
COHR - Coherent Inc.8:00:02 PM 4/24/2024
Price
$52.10
-0.25 (-0.48%)
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used for applications in microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.1B+7%
Gross Profit350.6MM-
Cost Of Revenue780.8MM+5%
Operating Income31.9MM-250%
Operating Expenses318.8MM-
Net Income-27MM-60%
R&D111.2MM-2%
G&A209.2MM-1%
Amortization138MM-0%
Interest Expense74.7MM+2%
Stock Chart

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Stock news

    PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today announced a $500,000 sponsorship of two educational initiatives targeted to increase diversity, equity, and inclusion (DEI) in entrepreneurship, innovation, and advanced technology: the HBCU/MI Entrepreneurship & Innovation initiative by Leadership Needed Foundation and the Optica Foundation Amplify Scholarship for Black scientists. The HBCU/MI Entrepreneurship and Inn

    Company Sets a 2040 Net-Zero Goal, Increases Its Renewable Electricity Use to 70%, and Joins the Responsible Business AlliancePITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- In support of Earth Day 2024, Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company is now obtaining approximately 70% of its global electricity needs from renewable energy sources. In total, this represents over 500 million kWh of renewable electricity per year, t

    PITTSBURGH, April 18, 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 ended March 31, 2024, in a shareholder letter posted on Coherent’s website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent’s management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing

    Coherent Corp (NYSE:COHR), a leading provider of lasers, laser-based technologies, and laser-based system solutions in a wide range of scientific, commercial, and industrial applications, has reported an insider sale according to a recent SEC filing.

    PITTSBURGH, April 10, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in wide- and ultrawide-bandgap semiconductors, today announced that it secured $15 million in funding from the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022 that provided the Department of Defense (DoD) with $2 billion to strengthen and revitalize the U.S. semiconductor supply chain. One of the key objectives of the CHIPS program is to nurture ecosystems that reduce risk,

    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 histor

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    PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications components and subsystems, announced today that it will showcase its new products and technologies for next-generation optical communications networks at OFC 2024, March 26-28 at the San Diego Convention Center, Booth #3412. Coherent thought leaders will present at panels, technical sessions, and other OFC events. RECENT PRODUCT ANNOUNCEMENTS Significant Advancements in VCSEL Per