Coherent Stock Today

COHR
 Stock
  

USD 36.67  1.51  4.29%   

Market Performance
0 of 100
Odds Of Distress
Less than 8
Coherent is selling at 36.67 as of the 30th of November 2022; that is 4.29 percent up since the beginning of the trading day. The stock's lowest day price was 34.28. Coherent has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Coherent are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2022 and ending today, the 30th of November 2022. Click here to learn more.
CUSIP
192479103
Fiscal Year End
September
Business Domain
Technology Hardware & Equipment
IPO Date
26th of March 1990
Category
Technology
Classification
Information Technology
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania. Coherent Corp operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. The company has 24.81 M outstanding shares of which 6.62 M shares are currently shorted by private and institutional investors with about 3.85 trading days to cover. More on Coherent
Follow Valuation Options Odds of Bankruptcy
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Coherent Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Coherent's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Coherent or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Coherent generated a negative expected return over the last 90 days
Coherent has high historical volatility and very poor performance
Over 90.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Deutsche Bank Upgrades Coherent to Buy From Hold, Adjusts Price Target to 50 From 45 - Marketscreener.com
CEO and President and DirectorJohn Ambroseo
Thematic Ideas
(view all).
Fama & French Classification
Average Analyst Recommendation
Analysts covering Coherent report their recommendations after researching Coherent's financial statements, talking to executives and customers, or listening in on Coherent's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Coherent. The Coherent consensus assessment is calculated by taking the average forecast from all of the analysts covering Coherent.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Coherent based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Coherent financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted92.2 M116.5 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares85.6 M106.2 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets3.363.2702
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations446 M413.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.4 B1.3 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities3.7 B3.5 B
Significantly Up
Increasing
Slightly volatile
Gross Margin35.9238.1562
Notably Down
Increasing
Stable
Total Debt2.6 B2.4 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.650.462
Significantly Up
Decreasing
Slightly volatile
Current Assets4.6 B4.3 B
Significantly Up
Increasing
Slightly volatile
Total Assets8.5 B7.8 B
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Coherent's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Coherent's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Coherent's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Coherent's financial leverage. It provides some insight into what part of Coherent's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Coherent's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Coherent deploys its capital and how much of that capital is borrowed.
Liquidity
Coherent cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.9 B in liabilities with Debt to Equity (D/E) ratio of 0.56, which is about average as compared to similar companies. Coherent has a current ratio of 3.33, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Coherent until it has trouble settling it off, either with new capital or with free cash flow. So, Coherent's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Coherent sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Coherent to invest in growth at high rates of return. When we think about Coherent's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

445.96 Million
Coherent (COHR) is traded on NASDAQ Exchange in USA and employs 23,658 people. Coherent is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 6.61 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Coherent's market, we take the total number of its shares issued and multiply it by Coherent's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Coherent conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 24.81 M outstanding shares of which 6.62 M shares are currently shorted by private and institutional investors with about 3.85 trading days to cover. Coherent currently holds about 2.58 B in cash with 413.33 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 19.73.
Check Coherent Probability Of Bankruptcy
Ownership
Coherent retains a total of 24.81 Million outstanding shares. The majority of Coherent outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Coherent to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Coherent. Please pay attention to any change in the institutional holdings of Coherent as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Coherent Ownership Details

Coherent Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Coherent jumping above the current price in 90 days from now is about 54.12%. The Coherent probability density function shows the probability of Coherent stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5354 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Coherent will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Coherent is significantly underperforming NYSE Composite.
  Odds Below 36.67HorizonTargetOdds Above 36.67
45.75%90 days
 36.67 
54.12%
Based on a normal probability distribution, the odds of Coherent to move above the current price in 90 days from now is about 54.12 (This Coherent probability density function shows the probability of Coherent Stock to fall within a particular range of prices over 90 days) .

Coherent Historical Income Statement

Coherent Income Statement is one of the three primary financial statements used for reporting Coherent's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Coherent revenue and expense. Coherent Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Coherent Operating Expenses is relatively stable at the moment as compared to the past year. Coherent reported last year Operating Expenses of 862.43 Million. As of 11/30/2022, Operating Income is likely to grow to about 447 M, while Net Loss Income from Discontinued Operations is likely to drop (122.8 K). View More Fundamentals

Coherent Stock Against Markets

Picking the right benchmark for Coherent stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Coherent stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Coherent is critical whether you are bullish or bearish towards Coherent at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Coherent without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Coherent Corporate Directors

Coherent corporate directors refer to members of a Coherent board of directors. The board of directors generally takes responsibility for the Coherent's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Coherent's board members must vote for the resolution. The Coherent board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sandeep Vij - Independent DirectorProfile
William Krause - Independent DirectorProfile
Steve Skaggs - Independent DirectorProfile
Stephen Skaggs - Independent DirectorProfile

Invested in Coherent?

The danger of trading Coherent is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Coherent is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Coherent. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Coherent is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Coherent information on this page should be used as a complementary analysis to other Coherent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Coherent price analysis, check to measure Coherent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.
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Is Coherent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coherent. If investors know Coherent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coherent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.61) 
Market Capitalization
6.6 B
Quarterly Revenue Growth YOY
0.69
Return On Assets
0.0299
Return On Equity
0.0214
The market value of Coherent is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent's value that differs from its market value or its book value, called intrinsic value, which is Coherent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coherent's market value can be influenced by many factors that don't directly affect Coherent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coherent's value and its price as these two are different measures arrived at by different means. Investors typically determine Coherent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.