Coherent Corp Stock Price, News & Analysis

Coherent Corp. (Nasdaq: COHR) announced its participation in the 2022 Raymond James Technology Investors Conference. The event is scheduled for December 5, 2022, at 2:15 p.m. ET, in New York, NY. Chief Financial Officer Mary Jane Raymond will present, and a real-time audio webcast will be available on the company’s Investor Relations page. A replay will also be accessible after the event. Coherent specializes in innovative technologies across various markets, including industrial and communications.

Coherent Corp. (Nasdaq: COHR) reported a record revenue of $1.34 billion for Q1 FY23, a **69%** year-over-year increase, with **20%** organic growth. The company achieved a backlog of $3.05 billion, up **119%** year-over-year. Non-GAAP EPS was $1.04, bolstered by favorable FX impacts. However, GAAP EPS was negative at $(0.56), reflecting losses. The company anticipates Q2 revenue between $1,340 million and $1,400 million and full-year revenue between $5,250 million and $5,550 million.

Coherent Corp. (Nasdaq: COHR) announced a conference call on November 9, 2022, at 9:00 a.m. ET to discuss its first-quarter results for FY 2023. The call will be hosted by CEO Dr. Vincent D. (Chuck) Mattera, Jr., along with CFO Mary Jane Raymond, and other executives. The results will be released prior to the market opening and available on their website. Interested participants can access the live webcast and a replay after the event. The company emphasizes innovations across diverse sectors including materials and laser technology.

Coherent Corp. (Nasdaq: COHR) announced the launch of its next-generation BIMO-FSC3 flat sheet cutting laser head series, achieving ultrahigh power ratings of up to 30 kW. This innovation is designed to enhance the speed and efficiency of cutting thick sheet metal, meeting the growing demand in the industry. The series includes three models: BIMO-FSC3-Z-HP, BIMO-FSC3-L, and BIMO-FSC3-Z, each tailored for specific power and application needs. Coherent will showcase these products at the EuroBLECH 2022 trade show in Hanover, Germany, from Oct. 25-28.

Coherent Corp. (Nasdaq: COHR) appointed Dr. Julie Sheridan Eng as Chief Technology Officer. Previously, she served as Senior VP and General Manager of Optoelectronic Devices and Modules. Dr. Eng's role will focus on driving future technology platforms, addressing long-term market trends, and enhancing sustainable growth. Her extensive experience includes leadership roles at Finisar Corporation, where she oversaw the launch of more than 180 fiber-optic transceiver products. Eng holds multiple degrees in Electrical Engineering and Physics, along with numerous patents and industry accolades.

Coherent Corp. (NASDAQ: COHR) partners with Windstream Wholesale and Nokia to successfully integrate a 400 Gig, 0 dBm QSFP-DD coherent pluggable module into Nokia's routers, enhancing Windstream’s ICON network strategy. This integration drastically reduces operational costs by eliminating the need for intermediate DCI boxes, while increasing 400G transceiver density. The partnership underscores a commitment to open networking standards and improves overall network reliability. This innovation represents a significant step toward evolving optical and packet networking.

On October 17, 2022, Coherent Corp. (Nasdaq: COHR) introduced HIGHvision, an advanced machine vision system designed for laser welding heads, targeting the electric vehicle (EV) battery and motor manufacturing sectors. This system enhances manufacturing efficiency through ultrahigh accuracy and rapid alignment, subsequently reducing costs and improving welding throughput. HIGHvision is compatible with Coherent's HighLight FL-ARM lasers and encompasses a growing library of processing applications, including for battery and motor components. Coherent will display this innovation at EuroBLECH 2022.