Wednesday's ETF Movers: IHI, PTF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
0mins
Should l Buy COHR?
Source: NASDAQ.COM
ETF Performance: The Invesco Dorsey Wright Technology Momentum ETF is down approximately 8.3% in Wednesday afternoon trading, underperforming other ETFs.
Weakest Components: Notable declines among its components include Aurora Innovation, which fell by about 9.2%, and Coherent, which decreased by about 4.3%.
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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: 344.670
Low
170.00
Averages
238.18
High
300.00
Current: 344.670
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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- Revenue Growth: Despite underperformance in the industrial segment, the datacenter and communications business grew 41% year-over-year, driving revenue above expectations, which reflects strong demand in specific areas, although overall gross margins aligned with expectations, failing to significantly boost the stock price.
- Market Reaction: Morgan Stanley analysts noted that while Coherent's revenue growth accelerated, the slower improvement in gross margins compared to peers due to rising costs of external laser procurement led to a cautious investor sentiment, especially as the stock had surged over 50% in the past three months.
- Future Outlook: Coherent projects Q4 FY2026 revenue between $1.91 billion and $2.05 billion, with non-GAAP EPS of $1.52 to $1.72, indicating an optimistic outlook on future demand, despite current stock pressures.
See More
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- Stable Labor Market: Initial US unemployment claims rose by 10,000 to 200,000, below expectations of 205,000, indicating labor market resilience, while continuing claims unexpectedly fell to a 2.25-year low of 1.766 million.
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See More
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- Target Price Increase: Jeffries has raised the target price for Coherent Corp from $350 to $375.
- Market Implications: This adjustment reflects a positive outlook on Coherent Corp's performance and potential growth in the market.
See More
