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: 343.790
Low
170.00
Averages
238.18
High
300.00
Current: 343.790
Low
170.00
Averages
238.18
High
300.00
About COHR
Coherent Corp. is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation and electronics markets. Its segments include datacenter & communications, and industrial. Its datacenter & communications segment offers optical transceivers, optical circuit switches, interconnect cables, optical instruments, optoelectronic devices, communication components, and wavelength management products. Its industrial segment offers lasers, machines & systems, components & accessories, optics, laser measurement instruments, ceramics & metal matrix, ion implantation, engineered materials, and wide-bandgap electronics. Its subsidiaries include Finisar Australia Pty Limited, Nufibre PTY LTD, Finisar Brasil Suporte De Vendas LTDA, Coherent Aerospace & Defense, Inc., and Coherent Asia, Inc.
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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