Coherent Corp Stock Price, News & Analysis

Coherent Corp. (Nasdaq: COHR) announced the launch of a new portfolio of ultracompact optical components aimed at enhancing high-speed telecom transceivers and LiDAR systems. This family includes micro-pump lasers, variable optical attenuators, and hybrid passive assemblies, all measuring under 2.5 mm in height. Dr. Sanjai Parthasarathi emphasized the unmatched miniaturization achieved and noted that these components will meet the rising demand cost-effectively. The products are available for individual purchase and custom assembly, featuring capabilities like 400 mW output power. Coherent will showcase these innovations at OFC 2023 in San Diego, March 7-9.

Coherent Corp. (Nasdaq: COHR) has announced the launch of the industry's first dual-chip pump laser module, offering up to 1000 mW of output power per fiber in a compact 10-pin butterfly package. This innovative technology enhances optical transport networks, supporting next-generation broadband and cloud services. The new modules are semi-cooled and utilize highly reliable laser diodes, providing flexibility in output power assignment. Coherent's advancements in pump laser technology underscore its leadership position, having been the first to market with dual-chip modules in 2014. The company will showcase this new technology at OFC 2023 in San Diego from March 7-9.

Coherent Corp. (Nasdaq: COHR) announced recognition for three products in the 2023 Lightwave Innovation Reviews. The 100ZR QSFP28-DCO transceiver received a perfect 5.0 rating, enabling service providers to upgrade 10 Gbps Ethernet links to 100 Gbps. The 200 Gbps EMLs for datacenter transceivers earned a 4.5 rating, supporting 800 Gbps and 1.6 Tbps data rates. Additionally, the WaveMaker™ 4000A programmable optical spectrum synthesizer also achieved a 4.5 rating. The awards reflect Coherent's leadership in optical networking technology.

Coherent Corp. is transferring its common stock and 6.00% Series A Mandatory Convertible Preferred Stock from Nasdaq to the New York Stock Exchange (NYSE), effective February 23, 2023. The common stock will trade under the ticker COHR, while the preferred stock will trade under IIVI. Dr. Vincent D. Mattera, Jr., the company's CEO, expressed excitement about this transition, indicating it reflects the company's transformation and growth strategy. The move aims to enhance shareholder value and aligns with Coherent's commitment to innovation and market leadership in various sectors, including materials and lasers.

Coherent Corp. (Nasdaq:COHR) reported record revenue of $1.37 billion for Q2 FY23, reflecting a 70% year-over-year increase and a 23% organic growth. The company's backlog reached $2.9 billion, up 68% year-over-year. Despite a GAAP loss of $(0.58) per share, the non-GAAP EPS was $0.95. CEO Dr. Vincent D. Mattera, Jr. highlighted strong contributions from the materials, networking, and lasers segments, along with $133 million in debt retirement and $30 million in annual synergies achieved from integration activities. The outlook for Q3 FY23 expects revenue between $1.32-$1.37 billion and non-GAAP EPS of $0.75-$0.90.

Coherent Corp. (Nasdaq: COHR) announced the launch of its new AP 530 S, a fully automated laser system designed for texturing and marking implantable medical devices. This innovative system responds to the growing demand for high-quality manufacturing processes in the medical device sector, driven by technological advancements and an aging population. The AP 530 S operates unattended, ensuring optimal quality and uniformity. Key features include six-axis robotic handling, versatility in processing various device sizes, and a user-friendly software interface. Coherent will present this technology at MD&M West in Anaheim, California, from Feb. 7-9.

Coherent Corp. (Nasdaq: COHR) announced a conference call scheduled for February 8, 2023, at 9:00 a.m. ET, hosted by top executives including Dr. Vincent D. Mattera, Jr. and Mary Jane Raymond. This call will follow the release of the company’s second-quarter FY 2023 results, which will be published before market open on the same day. Stakeholders can access the live webcast via the company’s investor relations page, and there is an option for equity analysts to pre-register for the Q&A session. A replay of the call will be available for a limited time.

Coherent is recognized for its innovations across various markets, including industrial and electronics.

Coherent Corp. (Nasdaq: COHR) will showcase its innovative products at SPIE Photonics West from January 31 to February 2, 2023, at the Moscone Center, San Francisco. At Booth #4805, the company will highlight cutting-edge technologies including the first 10 W HyperRapid NXT 266 nm picosecond lasers and 150 W Monaco infrared lasers, which enhance OLED production capabilities. Coherent will host various demonstrations and presentations on topics like laser systems and consumer electronics sensing. Upcoming trade shows include SEMICON Korea and MD&M West.

PITTSBURGH, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR) will host a webcast analyst briefing on Feb. 1 at 11:00 a.m. ET, highlighting opportunities in the display manufacturing and life sciences sectors. The briefing will feature leaders including Dr. Vincent D. Mattera, Jr., and will conclude with a Q&A session. Investors can access the live webcast through the Investor Relations section of Coherent’s website, with a replay available afterward. Coherent, headquartered in Saxonburg, Pennsylvania, focuses on innovative technologies across various markets.