Arista set to benefit from rise in big tech cloud capex: Citi
Seeking Alpha News (Mon, 29-Apr 9:15 AM ET)
Globe Newswire (Tue, 23-Apr 6:00 AM ET)
Earth Day 2024: Coherent Corp. Announces Milestones in its Sustainability Journey
Globe Newswire (Tue, 23-Apr 1:22 AM ET)
Coherent Announces Date of FY2024 Third-Quarter Conference Call
Globe Newswire (Thu, 18-Apr 6:00 AM ET)
Globe Newswire (Wed, 10-Apr 6:00 AM ET)
Coherent Loans James Webb Space Telescope Demonstration Mirror to Space Foundation Discovery Center
Globe Newswire (Mon, 8-Apr 6:00 AM ET)
Coherent to Present a Broad Portfolio of New Products and Technology Innovations at OFC 2024
Globe Newswire (Mon, 25-Mar 4:30 PM ET)
Business Wire (Mon, 25-Mar 12:00 PM ET)
Globe Newswire (Mon, 25-Mar 9:00 AM ET)
Coherent Announces Optical Circuit Switch for Data Centers
Globe Newswire (Mon, 25-Mar 7:30 AM ET)
Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.
Coherent Corp. trades on the NYSE stock market under the symbol COHR.
As of April 30, 2024, COHR stock price declined to $55.54 with 552,714 million shares trading.
COHR has a beta of 3.48, meaning it tends to be more sensitive to market movements. COHR has a correlation of 0.36 to the broad based SPY ETF.
COHR has a market cap of $8.43 billion. This is considered a Mid Cap stock.
Last quarter Coherent Corp. reported $1 billion in Revenue and $.36 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.10.
The top ETF exchange traded funds that COHR belongs to (by Net Assets): VTI, VB, IJH, VXF, VGT.
COHR has outperformed the market in the last year with a price return of +62.7% while the SPY ETF gained +23.3%. COHR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.5% and +6.6%, respectively, while the SPY returned +3.4% and +0.3%, respectively.
COHR support price is $54.24 and resistance is $57.44 (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 stock will trade within this expected range on the day.