Coherent Corp

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

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Coherent Corp. reports Q3 revenue challenges, accelerates cost-saving measures

Coherent Corp. faced revenue challenges in Q3 but is taking proactive measures to reduce costs and improve efficiency. The company is reviewing strategic options for its silicon carbide business and expects an inflection point in demand in the coming quarters. Despite market constraints, opportunities exist for improving inventory levels and capitalizing on datacom demand.

Coherent Corp. exceeds Q4 revenue, eyes market leadership in AI

Coherent's Q4 performance exceeded expectations, with a focus on market leadership in AI transceivers and 800G opportunity. However, macro uncertainty and revenue decline pose challenges for FY '24, while significant growth opportunities exist in the 800G Datacom transceivers and silicon carbide business.

Coherent Corp reports Q3 revenue growth, accelerates restructuring for savings

Coherent Corp's Q3 performance showed revenue growth and debt reduction. The company is addressing challenges through restructuring and cost-saving measures. Opportunities lie in restructuring savings, strategic partnerships, and product pricing strategies.

Coherent Corp surpasses Q4 revenue targets, eyes AI opportunities

Coherent Corp's Q4 performance exceeded expectations, driven by strategic investments and acquisitions. Despite challenges from macroeconomic uncertainty, the company is optimistic about the future, focusing on managing costs and aligning with market realities. Opportunities in AI-related segments and silicon carbide business growth are key focus areas for Coherent.

Coherent Corp surpasses Q1 expectations, focuses on diversification and margin improvement

Coherent Corp's Q1 performance exceeded expectations with strong revenue and EPS figures. The company is focused on diversification, margin improvement, and capitalizing on market opportunities. Challenges include inventory issues in some markets and softer demand in back-end semi and precision manufacturing.

Coherent Corp exceeds Q2 revenue expectations, eyes AI market growth

Coherent Corp's Q2 2024 earnings call highlighted strong financial performance, strategic investments, and a positive outlook on growth prospects. The company is focused on operational efficiency, global integration, and capitalizing on emerging market trends to drive future success.

Coherent Corp reports robust Q4 earnings, eyes growth in datacom

Coherent Corp's Q4 performance reflects strong revenue growth and margin improvements, driven by datacom transceivers for AI deployments. The company's strategic focus on innovation, market positioning, and shareholder value creation sets a positive trajectory for future growth. Challenges in optimizing margins and navigating market trends exist, but opportunities in operational efficiency and market expansion are key focus areas for fiscal 2025.

Coherent Corp reports robust Q1 earnings driven by datacom growth

Coherent Corp's Q1 2025 performance reflects a strategic focus on driving revenue growth, enhancing profitability, and optimizing operational efficiency. The company faces challenges in industrial markets but has opportunities to leverage its strengths in datacom and telecom segments for future growth.

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Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

II-VI Incorporated

PITTSBURGH, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in optical communications technology, today announced the introduction of its ultrahigh-resolution telemetry module, or optical channel monitor (UHR-OCM), for embedded performance monitoring in optical transport systems transmitting at up to 800G and beyond.

Coherent Introduces Ultrahigh-Resolution Telemetry Module for Embedded Performance Monitoring in 800G Optical Transport Systems

PITTSBURGH, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a global leader in optical communications components and subsystems, today announced the introduction of its 200 Gbps indium phosphide (InP) electro-absorption modulated lasers (EMLs) for high-speed datacenter transceivers.

Coherent Introduces 200G Indium Phosphide Electro-Absorption Modulated Lasers for High-Speed Datacenter Transceivers

PITTSBURGH, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in pump laser technology for optical networks, today announced the introduction of its I-Temp micro-pump lasers for extended ambient temperature operation in broadband optical access networks.

Coherent Introduces I-Temp Micro-Pump Lasers for Extended Temperature Operation in Broadband Optical Access Networks

PITTSBURGH, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in photonics for communications and aerospace & defense, today announced that it has won a Defense Advanced Research Projects Agency (DARPA) contract to develop coherent optical transceiver technology for the agency's Space-Based Adaptive Communications Node (Space-BACN) program. The aim of Space-BACN is to create low-cost, high-speed, reconfigurable, laser-based data links that will enable communications between various government and private-sector low-Earth-orbit (LEO) satellite constellations.

Coherent Awarded Contract to Develop Optical Transceivers for the DARPA Space-BACN Program

PITTSBURGH, Sept. 08, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced a corporate name change to Coherent Corp. (Nasdaq: COHR) and a new brand identity, following the successful completion of II-VI's acquisition of Coherent, Inc., on July 1, 2022.

II-VI Changes Name to Coherent and Launches New Brand Identity

Coherent Inc. (NASDAQ: COHR) stock price jumped more than 2.5x from $106 in 2018 end, to around $266 currently, primarily due to favorable changes in its P/S multiple.

Despite A Drop In Sales, Coherent Stock Has Managed To Strongly Outperform The S&P 500

Coherent (COHR) delivered earnings and revenue surprises of -18.27% and 4.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Coherent (COHR) Lags Q2 Earnings and Revenue Estimates

Buy Coherent Before The Merger

Coherent (COHR) delivered earnings and revenue surprises of 38.92% and 5.50%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Coherent (COHR) Q1 Earnings Beat Estimates

SANTA CLARA, Calif., Feb. 9, 2022 /PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its first fiscal quarter ended January 1, 2022.

Coherent, Inc. Reports First Fiscal Quarter Results

Coherent (COHR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Coherent (COHR) to Report Q1 Results: Wall Street Expects Earnings Growth

Coherent (COHR) delivered earnings and revenue surprises of -5.85% and -5.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Coherent (COHR) Lags Q4 Earnings and Revenue Estimates

SANTA CLARA, Calif., Nov. 9, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its fourth fiscal quarter and fiscal year ended October 2, 2021.

Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results

Barclays analyst Tom O'Malley downgraded II-VI Inc (NASDAQ:IIVI) to Underweight from Equal Weight with a price target of $56, down from $65. The analyst believes II-VI shares will continue to be an underperformer saying 3D sensing "is now a headwind," and its core business is a low single-digit grower.

How Analysts View II-VI's Acquisition Of Coherent?

II-VI sold off after earnings, but its results and outlook remained strong.

Time to Buy the Dip on This Crucial Tech Company

Coherent (COHR) delivered earnings and revenue surprises of 5.85% and 5.16%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Coherent (COHR) Beats Q3 Earnings and Revenue Estimates

SANTA CLARA, Calif., Aug. 11, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its third fiscal quarter ended July 3, 2021.

Coherent, Inc. Reports Third Fiscal Quarter Results

Coherent (COHR) to Report Q3 Results: Wall Street Expects Earnings Growth

Coherent Inc. stock is up almost 1.8x since the beginning of this year, and at the current price of $264 per share, we believe that Coherent stock has around 15% potential downside. Why is that?

Coherent Stock Could Drop 15% Despite Earnings Improvement

II-VI's (IIVI) Coherent buyout is anticipated to create a leader in laser technology and systems, photonic solutions, and compound semiconductors. Completion is expected by 2021 end or start of 2022.

II-VI (IIVI) Shareholders Give Approval to Coherent Buyout

SANTA CLARA, Calif., May 12, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its second fiscal quarter ended April 3, 2021.

Coherent, Inc. Reports Second Fiscal Quarter Results

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Here's Why Momentum Investors Will Love Coherent (COHR)

NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Coherent, Inc. ("Coherent" or the "Company") (NASDAQ: COHR) in connection with the proposed acquisition of the Company by II-VI Incorporated ("IIVI") (NASDAQ: IIVI).  Under the terms of the merger agreement, IIVI will acquire Coherent in a mixed cash-and-stock transaction, pursuant to which Coherent shareholders will receive $220.00 in cash and 0.91 shares of IIVI common stock for each Coherent share that they own, representing implied per-share merger consideration of approximately $280.59 based upon IIVI's March 30, 2021 closing price of $66.58.

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