COHR Stock Summary and Trading Ideas (Coherent Corp. | NYSE:COHR)

Coherent Corp engaged 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. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.

Coherent Corp. trades on the NYSE stock market under the symbol COHR.

As of February 5, 2025, COHR stock price climbed to $90.10 with 6,483,369 million shares trading.

COHR has a beta of 4.09, meaning it tends to be more sensitive to market movements. COHR has a correlation of 0.61 to the broad based SPY ETF.

COHR has a market cap of $13.94 billion. This is considered a Large Cap stock.

Last quarter Coherent Corp. reported $1 billion in Revenue and $.74 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.13.

The top ETF exchange traded funds that COHR belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

COHR has outperformed the market in the last year with a return of +83.4%, while the SPY ETF gained +23.7%. However, in the most recent history, COHR shares have underperformed the stock market with its stock returning -0.9% in the last 3 month period and -12.7% for the last 2 week period, while SPY has returned +6.4% and +0.2%, respectively.

COHR support price is $83.57 and resistance is $91.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COHR shares will trade within this expected range on the day.