Why Coherent Shares Are Seeing Blue Skies Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
0mins
Should l Buy COHR?
Source: Benzinga
- Appointment of New CEO: Coherent Corp. appointed Jim Anderson as the new Chief Executive Officer, succeeding Vincent D. Mattera, Jr.
- Anderson's Background: Jim Anderson previously served as President and CEO of Lattice Semiconductor Corporation and held leadership positions at Advanced Micro Devices, Inc.
- Qualifications: Anderson holds an MBA, Master of Science in electrical engineering and computer science, and has a Bachelor’s degree in electrical engineering.
- Board Chair's Statement: Enrico DiGirolamo expressed confidence in Anderson's abilities to lead Coherent through market changes and capitalize on growth opportunities.
- Company Developments: Coherent recently launched a high-power laser sensor for high-power applications and investors can access COHR shares through specific ETFs.
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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: 238.210
Low
170.00
Averages
238.18
High
300.00
Current: 238.210
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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