Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used for applications in microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: coherent.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | $125.00 → $85.00 | Buy | Needham |
| 4/7/2025 | Market Perform → Outperform | Northland Capital | |
| 4/4/2025 | $85.00 | Neutral → Buy | Rosenblatt |
| 3/24/2025 | $110.00 → $91.00 | Outperform → Strong Buy | Raymond James |
| 2/21/2025 | Buy | Jefferies | |
| 12/4/2024 | $135.00 | Buy | Jefferies |
| 11/18/2024 | $106.00 → $136.00 | Buy | Citigroup |
| 10/22/2024 | $105.00 | Buy → Neutral | Rosenblatt |
| 10/18/2024 | $86.00 | Buy → Neutral | B. Riley Securities |
| 10/14/2024 | $84.00 → $120.00 | Buy | Needham |
Needham reiterated coverage of Coherent with a rating of Buy and set a new price target of $85.00 from $125.00 previously
Northland Capital upgraded Coherent from Market Perform to Outperform
Rosenblatt upgraded Coherent from Neutral to Buy and set a new price target of $85.00
Raymond James upgraded Coherent from Outperform to Strong Buy and set a new price target of $91.00 from $110.00 previously
Jefferies resumed coverage of Coherent with a rating of Buy
Jefferies initiated coverage of Coherent with a rating of Buy and set a new price target of $135.00
Citigroup resumed coverage of Coherent with a rating of Buy and set a new price target of $136.00 from $106.00 previously
Rosenblatt downgraded Coherent from Buy to Neutral and set a new price target of $105.00
B. Riley Securities downgraded Coherent from Buy to Neutral and set a new price target of $86.00
Needham reiterated coverage of Coherent with a rating of Buy and set a new price target of $120.00 from $84.00 previously
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SAXONBURG, Pa., June 24, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, announced today that it will showcase its new products and technologies across its photonics portfolio at Laser World of Photonics 2025, in Munich, Germany, June 24-27, Booth #3.317. Coherent will also bring expert insights thanks to its thought leaders that will present at panels and technical sessions, and other events. "Laser World of Photonics is the premier global stage for showcasing innovation in photonics, and we're excited to demonstrate how Coherent is shaping the future of the industry—through our transformative technologies, collaborative partnerships, and thought leader
SAXONBURG, Pa., June 24, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today announced the launch of its ACE FL series, thulium fiber laser (TFL), engineered specifically for therapeutic medical applications – most notably for lithotripsy and benign prostatic hyperplasia (BPH) treatment. The new two-micron ACE FL system delivers superior precision, improved patient outcomes, and enhanced procedural efficiency compared to legacy laser technologies such as holmium:YAG systems. It is optimized for integration into surgical devices and laser systems used in minimally invasive procedures. "Our new thulium fiber laser is a breakthrough platform that enables
SAXONBURG, Pa., June 23, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today introduces Osprey, its newest femtosecond laser designed for demanding applications in optogenetics, microsurgery, and medical device manufacturing. Engineered for precision and reliability, Osprey delivers pulse energies of up to 5 µJ and sub-350 fs pulse widths. Osprey delivers exceptional beam quality and pointing stability, all in a compact form factor and with industry-leading power efficiency. These features make it ideal for integration into precision microscopes and advanced medical tools. The introduction of Osprey comes at a pivotal moment as femtosecond lasers move
SAXONBURG, Pa., June 19, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today announces major enhancements to its FACTOR series of fiber-coupled diode pumps. The upgraded portfolio now offers increased output power, improved efficiency, and a wider locking range for pump modules at 976 nm. In addition, a new high-power pump module at 793 nm has been introduced to support growing demand in medical and industrial laser applications. OEM laser manufacturers can benefit significantly from the FACTOR series, which offers reliable performance through automated, in-house micro-optics assembly that ensures high consistency and reliability. Designed for effort
SAXONBURG, Pa., June 19, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today announces the launch of the COMPACT EVOLUTION AC, a next-generation compact, air-cooled 500 W diode laser system, set to revolutionize polymer welding. The new system, compatible with existing diode laser processing heads, offers superior performance and convenience for a wide range of industries including precision manufacturing, semi & display capital equipment and instrumentation. Engineered for performance and ease of use, the COMPACT EVOLUTION AC features a 300 µm fiber and turnkey operation, supporting critical applications such as polymer welding, soldering, heat treatm
SAXONBURG, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today announced the launch of its new line of disposable surgical fiber assemblies designed specifically for a wide range of precision medical applications. The new product line is suitable for both OEM integration and for direct clinical use. Engineered to meet the rigorous demands of modern surgical environments, the new fiber assemblies deliver exceptional optical performance, robust durability, and full compatibility with today's most advanced laser systems. The assemblies are optimized for the transmission of high-power laser energy, delivering efficient stone fragmentation dur
SAXONBURG, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, introduces the LEAP 600C, the industry's first 600 W class excimer laser operating at 308 nm wavelength, optimized for Pulsed Laser Deposition (PLD). The LEAP 600C is being unveiled for the first time at Laser World of Photonics 2025 in Munich, Germany. The LEAP 600C is engineered to address the accelerating demand for high-temperature superconducting (HTS) tapes used in magnetic confinement fusion, medical imaging, and next-generation power grids. Compared to current solutions, it delivers double the laser power and throughput and features a novel on-the-fly active injection techno
SAXONBURG, Pa., June 16, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today announced the expansion of its industry-leading PowerMax™ sensor portfolio with two new innovations: the PM15K+ high-power laser sensor and a new backscatter shield option for the PM10K+. These new solutions address the growing demand for accurate, efficient, and safe measurement of high-power laser systems in industrial environments. The PM15K+ sensor is designed to measure continuous laser power up to 15 kW, with the capability to handle intermittent power up to 20 kW. Featuring a large 100 mm x 100 mm active area, it accommodates wide beam diameters typically found in high-
SAXONBURG, Pa., June 13, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in photonics, today launches the SES18-880A-190-10, a high-power 880 nm single-emitter laser diode on sub mount, designed specifically for high-efficiency, high-reliability pumping of diode-pumped solid-state (DPSS) lasers. Delivering 18 W optical output power with over 62% conversion efficiency and 97% polarization extinction ratio, the SES18-880A-190-10 sets a new benchmark for DPSS pump lasers in terms of performance, reliability, and cost-effectiveness. With a 190 µm emitter and one of the most competitive $/W ratios available in the 880 nm class, this product is ideal for precision applicati
SAXONBURG, Pa., June 12, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in engineered materials, today announces the release of a groundbreaking diamond-loaded silicon carbide (SiC) ceramic composite, designed to tackle the thermal challenges of advanced AI datacenters and high-performance computing (HPC) systems. The patented diamond-silicon carbide material from Coherent achieves isotropic thermal conductivity exceeding 800 W/m-K, and delivers twice the performance of copper, the current industry benchmark. It also closely matches the coefficient of thermal expansion (CTE) of silicon, making it ideal for direct integration with semiconductor devices. "Diamond rema
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SAXONBURG, Pa., April 23, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) (the "Company"), a global leader in materials, networking, and lasers, announced today that it will release third-quarter fiscal 2025 financial results on Wednesday, May 7, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 5:00 p.m. ET to discuss the results. The Company invites investors to join the live audio webcast at coherent.com/company/ investor-relations/financial-webcasts. The webcast will be recorded, and a replay will be available within 24 hours after the live audio webcast on the company's website. Media Contact: Amy Wilsoncorporate.communications@co
PITTSBURGH, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) (the "Company"), a global leader in materials, networking, and lasers, announced today that it will release second-quarter fiscal 2025 financial results on Wednesday, February 5, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 5:00 p.m. ET to discuss the results. The Company invites investors to join the live audio webcast at coherent.com/company/ investor-relations/financial-webcasts. The webcast will be recorded, and a replay will be available within 24 hours after the live audio webcast on the company's website. Media Contact: Amy Wilsoncorporate.communications@c
PITTSBURGH, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced today that it will release first-quarter fiscal 2025 financial results on Wednesday, November 6, after the New York Stock Exchange closes. The release will be followed by a live audio webcast at 5:00 p.m. ET to discuss the results. The Company invites investors to join the live audio webcast at coherent.com/company/investor-relations/financial-webcasts. The webcast will be recorded, and a replay will be available within 24 hours after the live audio webcast on the company's website. About CoherentCoherent empowers m
PITTSBURGH, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, it has appointed Rob Beard as the Company's new Chief Legal and Global Affairs Officer, and Corporate Secretary, effective today. Rob replaces current Chief Legal Officer Ron Basso, who is retiring. The Company has also promoted Marie Batz Martin to Chief Compliance Officer, reporting to Rob. Mr. Beard joins Coherent from Mastercard Incorporated ("Mastercard"), where he was Chief Legal and Global Affairs Officer. Before Mastercard, Rob spent nearly a decade at Micron Technology,
PITTSBURGH, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, it has appointed Sherri Luther as the Company's new Chief Financial Officer and Treasurer, effective today. Ms. Luther joins Coherent from Lattice Semiconductor ("Lattice"), where she was Chief Financial Officer since 2019. Before Lattice, Ms. Luther spent 16 years at Coherent, Inc., prior to its acquisition, including as Corporate Vice President of Finance. "We are pleased to welcome Sherri Luther back to Coherent's leadership team," said Jim Anderson, Chief Executive Officer.
PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors. Mr. Anderson joins Coherent from Lattice Semiconductors ("Lattice"), where he was President, Chief Executive Officer, and a member of its Board of Directors. As CEO, Mr. Anderson was respon
PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in advanced optical systems, announced today an agreement with the Space Foundation Discovery Center, located in Colorado Springs, Colorado, to provide on loan a demonstration mirror developed for the James Webb Space Telescope (JWST). The JWST launched on December 25, 2021, after a 25-year construction project heralded as one of the most complex and ambitious projects in engineering and space exploration history. The telescope almost immediately revolutionized our understanding of the universe, much like the Hubble Space Telescope did, by providing unprecedented clarity and depth in its observations of
SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Iridia™ Inc., a pioneer in the field of DNA-based data storage, today announced the appointment of Sandeep Vij, an experienced semiconductor industry executive, to its Board of Directors. With his appointment, Iridia's Board has been expanded to seven members. "We are excited to welcome an industry veteran of Sandeep's caliber to the Iridia board," said Jay Flatley, former Illumina CEO and Chairman of Iridia's board. "With Sandeep's decades of operational and strategic experience in the semiconductor industry and track record of driving shareholder value, we look forward to leveraging his expertise to accelerate Iridia's mission critical develo
PITTSBURGH, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced the appointment of two new directors to its Board: Elizabeth A. Patrick, most recently the Senior Vice President and Chief People Officer for Diebold Nixdorf; and Michelle Sterling, a human resources consultant and former Executive Vice President and Chief Human Resources Officer at Qualcomm, Inc. The appointments became effective September 19, 2023. "I am pleased to welcome Beth and Michelle to the Coherent Board of Directors. They expand the relevant industry experience of the Board, as they are experts at developing long-term roadmaps for human
PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023. Dr. Sobey has served as President of Coherent's Lasers Segment since the closing of the merger between II-VI and Coherent, Inc., in July 2022. Prior to the merger, Dr. Sobey served as Coherent, Inc.'s, Chief Operating Officer from 2020 to 2022. He was previously Executive Vice President and General Manager of Coherent, Inc.'s, OEM Laser Sources until being promoted to COO, and before that he was Executive Vice President and General Man
Q3 REVENUE OF $1.50B, INCREASED 24% Y/YQ3 GAAP GROSS MARGIN OF 35.2%, INCREASED 491 bps Y/Y; Q3 NON-GAAP GROSS MARGIN OF 38.5%, INCREASED 490 bps Y/YQ3 GAAP EPS OF $(0.11), IMPROVED $0.18 Y/Y; Q3 NON-GAAP EPS OF $0.91, IMPROVED $0.53 Y/Y SAXONBURG, Pa., May 07, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal third quarter ended March 31, 2025. Revenue for the third quarter of fiscal 2025 was $1.50 billion, with GAAP gross margin of 35.2% and GAAP net loss of $0.11 per diluted share. On a non-GAAP basis, gross margin was 38.5% with net income per
Q2 REVENUE OF $1.43B, INCREASED 27% Y/YQ2 GAAP GROSS MARGIN OF 35.5%, INCREASED 452 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 38.2%, INCREASED 363 bps Y/YQ2 GAAP EPS OF $0.44, IMPROVED $0.82 Y/Y; Q2 NON-GAAP EPS OF $0.95, IMPROVED $0.69 Y/Y SAXONBURG, Pa., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal second quarter ended December 31, 2024. Revenue for the second quarter of fiscal 2025 was $1.43 billion, with GAAP gross margin of 35.5% and GAAP net income of $0.44 per diluted share. On a non-GAAP basis, gross margin was 38.2% with net
Q1 REVENUE OF $1.35B, INCREASED 28% Y/YQ1 GAAP GROSS MARGIN OF 34.1%, INCREASED 499 bps Y/Y; Q1 NON-GAAP GROSS MARGIN OF 37.7%, INCREASED 293 bps Y/YQ1 GAAP EPS OF ($0.04), IMPROVED 94% Y/Y; Q1 NON-GAAP EPS OF $0.74, IMPROVED 357% Y/Y PITTSBURGH, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal first quarter ended September 30, 2024. Revenue for the first quarter of fiscal 2025 was $1.35 billion, with GAAP gross margin of 34.1% and GAAP net loss of $(0.04) per diluted share. On a non-GAAP basis, gross margin was 37.7% wit
Q4 REVENUE OF $1.314B, GREW 9.1% Y/YQ4 GAAP GROSS MARGIN OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 37.2%, GREW 132 bps Y/YQ4 GAAP EPS OF ($0.52), IMPROVEMENT OF $1.02 Y/Y; Q4 NON-GAAP EPS OF $0.61, IMPROVEMENT OF $0.20 OR +49% Y/Y PITTSBURGH, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal fourth quarter and full year ended June 30, 2024. Revenue for the fourth quarter of fiscal 2024 was $1.314 billion, with GAAP gross margin of 32.9% and GAAP net loss of $(0.52) per diluted share. On a non-GAAP basis, gross margin was 37.
PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2024, in a press release posted on Coherent's website at coherent.com/company/investor-relations after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET that same afternoon. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The c
PITTSBURGH, May 07, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will host an Instrumentation Market Overview webcast for investors, equity analysts, and the public on Tuesday, May 14, at 10:00 a.m. ET. Individuals wishing to view the 90-minute webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts. The event will be recorded, and a replay will be available for a limited time. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innov
PITTSBURGH, May 06, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its third quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website at coherent.com/company/investor-relations. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on Tuesday, May 7, 2024, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investo
PITTSBURGH, April 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended March 31, 2024, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent's management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The call will be reco
PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on February 6, 2024, at 8:00 a.m. ET. The shareholder letter sets forth detailed financial information and disclosures for the company and is designed to provide greater insight into the company's operating performance and outlook
PITTSBURGH, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended December 31, 2023, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, February 5. Coherent's management will host a conference call to discuss these results on Tuesday, February 6, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts or via this link. The call
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