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.

PITTSBURGH, July 11, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technology, today announced that Paul Silverstein has been appointed as Vice President, Investor Relations & Corporate Communications, reporting to Chair and CEO Dr. Vincent D. Mattera, Jr.

Coherent Appoints Paul Silverstein as VP, Investor Relations & Corporate Communications

PITTSBURGH, July 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today provided its initial assessment of the export restriction of gallium and germanium from China expected to begin on August 1, 2023.

Coherent Corp. Provides Initial Assessment of Expected Export Restrictions of Gallium and Germanium From China

AI optimism fueled a big bounce for this beaten-down optical communications stock. Coherent unveiled a new line of low-cost industrial lasers.

Why Coherent Rocketed 38% Higher in June

Laser systems maker Coherent Co. NASDAQ: COHR changed its name from II-VI, confusing investors even trying to pronounce the name. The company is undergoing a multi-year restructuring plan to simplify its business model, just like it simplified its name.

New Name, Coherent is a Compelling AI Data Infrastructure Play

PITTSBURGH, July 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Chair and CEO Dr. Vincent D. Mattera, Jr., will deliver a keynote at the SEMICON West 2023 CEO Summit highlighting four generations of semiconductors along the industry's track to a $1 trillion market. The CEO Summit will take place on July 11, 2023, at the Moscone Center in San Francisco.

Coherent Chair and CEO Dr. Vincent D. Mattera, Jr., to Give Keynote at SEMICON West 2023 CEO Summit

PITTSBURGH, July 05, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technology, today announced that Dr. Young-Kai (Y.K.) Chen has been appointed Deputy Chief Technology Officer (DCTO) of Coherent, reporting to CTO Dr. Julie Sheridan Eng.

Coherent Appoints Dr. Young-Kai Chen as Deputy Chief Technology Officer

Coherent, through Finisar, has been the leading manufacturer of optical network transceivers for the past 22 years. Coherent is introducing transceivers that will form the core of the second generation of 800G transceivers and the first generation of 1.6T transceivers. Growth in sales of Coherent's Ethernet transceivers will grow as Ethernet replaces InfiniBand Networking Protocols.

Coherent: Benefiting From Migration To Ethernet Switching Attached To AI/ML

PITTSBURGH and TEL AVIV, Israel, June 26, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in semiconductor lasers, and TriEye Ltd., a pioneer in mass-market shortwave infrared (SWIR) sensing technology, today announced their successful joint demonstration of a laser-illuminated SWIR imaging system for automotive and robotic applications.

Coherent and TriEye Demonstrate Laser-Illuminated Shortwave Infrared Imaging System for Automotive and Robotic Applications

The stock's rally has made shares more susceptible to short-term swings. Coherent hasn't yet established a strong track record for annual earnings.

Why Coherent Stock Dropped This Week

PITTSBURGH, June 23, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser systems, subsystems, and components, today announced that it will exhibit its portfolio of patented solutions for high-performance joining applications at upcoming trade shows. Coherent will exhibit at Laser World of Photonics, in Munich, Germany, June 27-30, stand B3.321; Laser Korea, in Seoul, July 5-7, stand 4101; and Laser World of Photonics China, in Shanghai, July 11-13, stand 8.1D240.

Coherent to Showcase Portfolio of Patented Solutions for High-Performance Joining Applications at Upcoming Trade Shows

PITTSBURGH, June 22, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser systems, subsystems, and components, today announced that it will exhibit industry-leading products and capabilities at Laser World of Photonics, June 27-30 at the Trade Fair Center Messe München in Munich, Germany, stand B3.321. Coherent will showcase its broad portfolio of advanced laser solutions that are enabling a wide range of applications in industrial, e-mobility, electronics, life sciences, and scientific markets. Coherent thought leaders will present at technical sessions and demonstrations.

Coherent to Showcase a Broad Portfolio of Advanced Laser Solutions at Laser World of Photonics in Munich

Coherent's sales could see a lift from electronic vehicle manufacturing. Its short-term sales outlook is weak.

Why Coherent Stock Dropped on Wednesday

PITTSBURGH, June 21, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in high-power semiconductor lasers, today announced the introduction of its next-generation pump laser diode, with 65 W of output power for fiber lasers in industrial and consumer applications.

Coherent Introduces Industry-First Pump Laser Diode With Record 65 W Power

PITTSBURGH, June 20, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers, today introduced the PowerLine PS 30 picosecond laser markers for corrosion-resistant black marking and precision micromachining in medical device manufacturing.

Coherent Introduces PowerLine PS 30 Laser Subsystems For Permanent Black Marking And Micromachining Applications For Medical Devices

PITTSBURGH, June 15, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers, today introduced the PowerLine FL series of fiber laser subsystems that are fully integrated, easy to install, and simple to operate for precision welding and cutting.

Coherent Introduces PowerLine FL Series of Cost-Effective Laser Subsystems for Precision Welding and Cutting

NextDecade

Markets were volatile but mixed after the Fed's interest rate announcement. NextDecade stock jumped as it found investors for its LNG project.

These 2 Stocks Soared by Double-Digit Percentages on Wednesday

Coherent stock soared after the maker of advanced laser processing systems introduced new equipment for manufacturing electric vehicles.

Coherent Stock Rockets On New Laser Welding Gear For Manufacturing Electric Vehicles

Shares of Coherent Corp. COHR were surging about 20% in Wednesday morning action after the optoelectronics company announced a new product that it says will serve electric-vehicle applications. Coherent's PH20 SmartWeld+ laser processing heads are “optimized for precision control of welding depths,” making them beneficial in EV use cases, the company said in a release.

Coherent stock surges, leading optical names higher after EV product announcement

PITTSBURGH, June 14, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in advanced laser processing solutions, today introduced its new PH20 SmartWeld+ laser processing heads optimized for precision control of welding depths that are ideal for electric vehicle (EV) manufacturing applications.

Coherent Introduces New PH20 SmartWeld+ Laser Processing Heads for Precision Welding at High Speeds in EV Applications

The acquisition of Coherent proved to impede the combined company's resources considerably, due to the current macro conditions. The combined company of II-VI and Coherent now controls a durable and attractive portfolio within the industrial, communications, electronics and instrumentation markets. The company's silicon carbide platform is expected to be a major value driver, with electric vehicle and renewable energy markets driving adoption.

Coherent: Discounted And Attractive Entry Point For The Medium To Long Term

PITTSBURGH, June 13, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers and laser subsystems, today announced the introduction of new adjustable ring mode (ARM) lasers, part of the HighLight FL-ARM laser series, with significantly improved beam properties. Designed to enhance the control of the welding process over large working areas, the new ARM laser targets deep welding applications that are common in battery manufacturing for electric vehicles (EVs).

Coherent Introduces New HighLight FL-ARM Fiber Lasers For Increased Welding Process Stability Over Large Working Areas For EV Applications

PITTSBURGH, June 08, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in advanced laser processing solutions, today announced the introduction of its next-generation ultralow-cost Matrix nanosecond pulsed UV lasers for high-contrast marking applications in consumer goods, industrial electronics, home appliances, and packaging.

Coherent Introduces Next-Generation Ultralow-Cost Matrix UV Lasers for Marking Applications in Consumer Goods, Industrial Electronics, and Packaging

PITTSBURGH, June 07, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for materials processing, today announced that it introduced a new Monaco industrial ultraviolet (UV) femtosecond laser with 50 W of output power that is ideal for high-speed, high-volume cutting of wafers and stacked OLED displays.

Coherent Introduces 50 W UV Femtosecond Monaco Laser for High-Throughput Cutting of Wafers and Stacked OLED Displays

Coherent missed on earnings and provided weak guidance. Problems directly impacting its Laser and Networking segments are directly related to the macro environment and poor fiscal policy from the Fed. Coherent's "crown jewel" is its Silicon Carbide business, but high debt and cash bleed from the acquisition could be altering its business model.

Coherent: Short-Term Macro Headwinds Have Been Outweighing Silicon Carbide Tailwinds

PITTSBURGH, June 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in advanced laser processing solutions, today introduced its new HIGHmotion 2D laser processing head that is rated for 8 kW beam delivery and which has been optimized for deep copper welds over wide working areas in electric vehicle (EV) manufacturing applications.

News for Coherent Corp Stock (COHR)