Coherent Corp Achieves Impressive Revenue Growth Amid Market Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Should l Buy COHR?
Source: Globenewswire
Coherent Corp's stock rose by 5.00% as it crossed above its 5-day SMA, reflecting strong investor interest.
The company has reported a remarkable 25.9% return in the past month, driven by a 16.6% annual revenue growth over the last two years and projected revenue growth of 25.9% for the next 12 months. This growth is attributed to accelerating demand and a significant annual earnings per share increase of 69.9%, which outpaces its peers in the sector.
Coherent's strong performance highlights its competitive position in the market, suggesting that it is well-positioned to capitalize on future opportunities despite broader market fluctuations.
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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: 335.730
Low
170.00
Averages
238.18
High
300.00
Current: 335.730
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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