Media headlines about Coherent (NASDAQ:COHR) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coherent earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.3027680330643 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Keen Investors Taking a Look at Coherent, Inc. (NASDAQ:COHR) and BOK Financial Corporation (NASDAQ:BOKF) – FLBC News (flbcnews.com)
- Tale of the Ticker: Coherent Inc (COHR) Moves on Volume – Evergreen Caller (evergreencaller.com)
- Coherent, Inc. (NASDAQ:COHR) Closed -14.1% Below Its 50 Day Average – Modern Readers (modernreaders.com)
- IHS Markit Score downgrades Coherent Inc to 32 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- Eagle Asset Management Inc Sold A Little More Coherent, Inc. (COHR) Stock Last Quarter – Modern Readers (modernreaders.com)
Shares of Coherent (COHR) opened at 214.53 on Friday. The firm has a market capitalization of $5.26 billion, a PE ratio of 32.30 and a beta of 0.72. The stock has a 50 day moving average price of $243.98 and a 200 day moving average price of $217.57. Coherent has a 1-year low of $100.01 and a 1-year high of $278.39.
Coherent (NASDAQ:COHR) last announced its quarterly earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by $0.09. Coherent had a net margin of 11.08% and a return on equity of 24.98%. The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. During the same quarter in the prior year, the firm earned $1.07 EPS. Coherent’s quarterly revenue was up 112.1% compared to the same quarter last year. Equities research analysts anticipate that Coherent will post $12.27 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. Barclays PLC assumed coverage on Coherent in a research report on Monday, August 7th. They issued an “overweight” rating and a $285.00 price objective for the company. Benchmark Co. reiterated a “buy” rating and issued a $290.00 price objective (down previously from $295.00) on shares of Coherent in a research report on Tuesday. UBS AG upgraded Coherent from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Coherent from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc upgraded Coherent from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $255.00 to $275.00 in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $268.88.
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In other Coherent news, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $249.48, for a total value of $124,740.00. Following the sale, the director now owns 12,000 shares in the company, valued at $2,993,760. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Garry W. Rogerson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $257.03, for a total transaction of $1,156,635.00. The disclosure for this sale can be found here. Insiders have sold 34,874 shares of company stock worth $8,667,703 in the last quarter. 1.40% of the stock is owned by corporate insiders.
Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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