Coherent (COHR) Earns News Impact Rating of 0.02

News stories about Coherent (NASDAQ:COHR) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Coherent earned a news impact score of 0.02 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 46.1378696374761 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Coherent (NASDAQ COHR) traded down $2.02 during trading on Thursday, reaching $294.04. 177,713 shares of the company’s stock were exchanged, compared to its average volume of 438,520. The firm has a market capitalization of $7,361.09, a P/E ratio of 24.94 and a beta of 0.81. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. Coherent has a 1 year low of $135.01 and a 1 year high of $320.73.

Coherent (NASDAQ:COHR) last released its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.48 by $0.24. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $475.24 million. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The firm’s revenue was up 97.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 earnings per share. research analysts predict that Coherent will post 15.56 EPS for the current year.

Several analysts have issued reports on COHR shares. ValuEngine downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Susquehanna Bancshares reissued a “positive” rating and set a $275.00 price target on shares of Coherent in a research report on Tuesday, September 5th. Northcoast Research reissued a “buy” rating and set a $314.00 price target (up previously from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $290.00 price target on shares of Coherent in a research report on Wednesday, September 13th. Finally, Summit Redstone reissued a “buy” rating and set a $320.00 price target on shares of Coherent in a research report on Saturday, September 23rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $309.89.

In other Coherent news, VP Bret Dimarco sold 5,819 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $294.75, for a total value of $1,715,150.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen A. Skaggs sold 500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $308.97, for a total value of $154,485.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at $3,398,670. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,416 shares of company stock valued at $5,490,028. 1.40% of the stock is currently owned by corporate insiders.

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About Coherent

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).

Insider Buying and Selling by Quarter for Coherent (NASDAQ:COHR)

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