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.

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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.

Beyond analysts' top -and-bottom-line estimates for Coherent (COHR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Coherent (COHR) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

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PITTSBURGH, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that it is evaluating strategic alternatives for its battery technology platform.

Coherent Commences Review of Strategic Alternatives for Its Lithium Sulfur Battery Platform

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Image 1 : ARM FL20D fiber laser system. PITTSBURGH, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser technology, today announced the launch of the ARM FL20D fiber laser.

Coherent Introduces ARM FL20D Fiber Laser, Setting New Standards for High-Power Welding

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.

Coherent Corp. Announces Timing of First-Quarter Fiscal 2025 Earnings Release

Image 1: CUT12 sheet metal laser cutting processing head. PITTSBURGH, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in industrial laser technology, announced the launch of a new 2D laser cutting head that offers an exceptional mix of performance, versatility, and value to the global flat sheet cutting market.

Coherent Introduces Versatile 2D Cutting Head for Lasers Up to 12 kW

Coherent's transceivers have proved useful for data-center connectivity, but a Rosenblatt analyst sees several factors that could stall the stock's run.

This AI stock just got downgraded after a 130% rally for the year

PITTSBURGH, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in industrial laser technology, announced the launch of the EDGE FLTM high-power fiber laser series, tailored for cutting applications in the machine tool industry. Available with power levels from 1.5 kW to 20 kW, the EDGE FL series redefines the balance between value and performance, targeting the growing demand for high-power, reliable laser sources in fiber laser cutting.

Coherent Announces Radical New Fiber Laser Platform

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.

Coherent Appoints Rob Beard as Chief Legal and Global Affairs Officer

PITTSBURGH, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that the Company made awards of restricted stock units (“RSUs”) and performance stock units (“PSUs”) to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective on her start date, October 11, 2024. The awards were made pursuant to the Company's previously announced offer letter agreement with Ms. Luther, and as a material inducement to her joining the Company as its Chief Financial Officer and Treasurer.

Coherent Announces New Employee Inducement Grants Under NYSE Rule 303A.08

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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.

Coherent Appoints Sherri Luther as Chief Financial Officer

PITTSBURGH, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics solutions for the semiconductor industry, is proud to announce that it has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights achievements by Coherent for sustainability efforts as part of the KLA Supply Chain Sustainability program.

Coherent Awarded Excellence in Sustainability Award from KLA

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Coherent stock has increased 175% in 12 months. Growth trends in datacom transceivers on AI demand will continue to drive improvements in operating results. CEO Jim Anderson's restructuring plan should pay dividends by delevering the balance sheet.

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PITTSBURGH, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the sale of its manufacturing facility in Newton Aycliffe, County Durham, UK. The sale is part of the company's ongoing efforts to streamline operations and optimize its global footprint.

Coherent Announces Sale of UK Manufacturing Facility Following Strategic Review

PITTSBURGH, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technologies, announced today the launch of its 200 mm silicon carbide epitaxial wafers (SiC epi-wafers). Substrate and epi-wafer shipments from the company at 350 micron and 500 micron thickness are now underway.

Coherent Expands Silicon Carbide 200 mm n-Type Epitaxial Wafer Production

PITTSBURGH, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it has won the 2024 ECOC Exhibition Industry Award for Best Product in the Data Center Innovation category for its Datacenter Lightwave Cross-Connect (DLXTM) Optical Circuit Switch.

Coherent Awarded Data Center Innovation/Best Product at ECOC 2024

PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, will participate in multiple panels and workshops at the European Conference on Optical Communications (ECOC) 2024 in Frankfurt, Germany, September 22-24.

Coherent Industry Leaders Speak at ECOC 2024

PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications components and subsystems, announced today that it will showcase its new products and technologies for next-generation optical communications networks at ECOC 2024 exhibition, September 23-25 at the Messe Frankfurt, Booth #A10. Coherent thought leaders will present at panels, technical sessions and workshops.

Coherent to Demonstrate a Broad Portfolio of Innovative Products and Technologies at ECOC 2024

PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications, announced today the demonstration of two advanced transceiver modules at the European Conference on Optical Communication (ECOC) 2024, set to take place in Frankfurt, Germany, September 23-26. These modules, both operating at 200 Gbps per lane, demonstrate the company's commitment to continued leadership and innovation across multiple optical technologies.

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