PITTSBURGH, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today published its Environmental, Social, and Governance (ESG) Report for FY2024. The report is available on the Coherent website at this link. Highlights from the ESG Report 2024 include: Coherent now obtains 78% of its global electricity needs from renewable sources, representing over 550 million kWh of renewable electricity per year, and thereby avoiding 234,000 metric tons of carbon ...

Billionaire Stanley Druckenmiller might not be a household name like Warren Buffett, but he's one of the best investors of all time.The George Soros protégé ran the Duquesne Capital Management hedge fund for nearly 30 years with an average annual return of 30% and no losing years. That's a phenomenal track record.These days, Druckenmiller is retired as a hedge fund manager since he closed his fund in 2010, but he still invests through the Duquesne Family Office, where he's made some smart buys in recent yea ...

Core Insights - Coherent Corp. has launched its latest generation adjustable ring mode fiber laser, the ARM FL, which reduces volume and footprint by 50% while maintaining performance [1][3] Company Overview - Coherent is a global leader in laser technology, focusing on innovations that cater to various industries including industrial, communications, electronics, and instrumentation [6] Product Features - The new ARM FL laser features an advanced controller that enhances integration and communication speed, while its modular design allows for customization to meet evolving customer needs [2][3] - The ARM FL is designed for high-performance applications, ensuring consistent welding results through active power control and back reflection insensitivity [3] - Compatibility with a range of Coherent process heads, including the HighMotion 2D, makes the ARM FL versatile for applications such as EV battery welding and high-power cast aluminum welding [4] Market Demand - There is a growing demand for compact, high-performance laser solutions, particularly in the automotive and electronics manufacturing sectors [2] Production Timeline - Production of the next generation ARM FL products is set to ramp up in spring 2025, facilitating smooth transitions for customers' production lines [5]

Investment Focus and Methodology - The investment strategy focuses on growth companies, particularly in the mid-cap segment, with a bias towards sectors such as biotechnologies, computer chips, cloud technology, energy, and commodities [1] - A top-down approach is used to complement bottom-up analysis, with special attention given to risks surrounding business cases [1] - Systematic balance sheet analysis and stress tests are employed to evaluate funding viability and model safety [1] - Long-term capital appreciation is prioritized over short-term speculation [1] Analyst Background and Approach - The analyst holds a master's in communication and an MBA, with experience in journalism, and aims to provide extensive coverage in the mentioned sectors [1] - The analyst emphasizes sharing ideas and points of view, seeking feedback to improve work quality [1] Disclosure and Independence - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [1] - The article reflects the analyst's own opinions and is not influenced by compensation or business relationships with the mentioned companies [1]

PITTSBURGH, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that as a result of an ongoing strategic portfolio assessment, the company will evaluate strategic alternatives for its Streamlined Hydrometallurgical Advanced Recycling Process (SHARP™) technology to efficiently recover and recycle critical metals from lithium-ion batteries (LiBs). With the increasing global demand for LiBs, driven by electric vehicles, energy sto ...

Coherent (NYSE: COHR ) is not a "put all your eggs in one basket" kind of company. The company itself has diversified its revenue streams, dipping its toes into different segments, markets, and geographical locations, which I must say I'm a bigI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the mark ...

PITTSBURGH, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in high-performance optical networking solutions, has announced the production release of high-speed indium phosphide (InP) photodiodes. Designed for use in the next generation of 800G and 1.6T transceivers with 200 Gb/s PAM4 optical lanes, and available in both singlet and 1x4 array configurations with integrated lenses, they provide efficient optical coupling and compatibility with all major 4-channel and 8-channel ...

Shares of Coherent (COHR) have been strong performers lately, with the stock up 5.2% over the past month. The stock hit a new 52-week high of $111.66 in the previous session. Coherent has gained 152.7% since the start of the year compared to the 27.5% move for the Zacks Business Services sector and the 52.7% return for the Zacks Technology Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in a ...

Core Insights - Coherent reported a revenue of $1.35 billion for the quarter ended September 2024, marking a 28% increase year-over-year, with an EPS of $0.74 compared to $0.16 in the same quarter last year [1] Revenue Performance - Revenue from Materials was $237.43 million, below the average estimate of $269.74 million, reflecting a year-over-year decline of 2.9% [3] - Networking revenue reached $762.87 million, exceeding the average estimate of $702.95 million, with a significant year-over-year increase of 61.3% [3] - Lasers revenue was reported at $347.84 million, slightly below the average estimate of $349.83 million, showing a year-over-year growth of 3.7% [3] - Revenue from Contracts in Instrumentation was $90.68 million, below the estimated $110.79 million, representing an 8.8% decline year-over-year [3] - Communications revenue from Contracts was $774.29 million, surpassing the average estimate of $683.78 million, with a year-over-year increase of 68.5% [3] - Industrial revenue from Contracts was $406.94 million, slightly below the average estimate of $437.27 million, with a year-over-year change of 0.6% [3] - Electronics revenue from Contracts was $76.23 million, significantly below the average estimate of $95.40 million, reflecting a year-over-year decline of 15.1% [3] Stock Performance - Coherent's shares have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.7%, and the stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [4]

Coherent Corp. (NYSE:COHR) Q1 2025 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Paul Silverstein - Senior Vice President of Investor Relations, and Corporate Communications Jim Anderson - Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants Samik Chatterjee - J.P. Morgan Simon Leopold - Raymond James Thomas O'Malley - Barclays Capital Meta Marshall - Morgan Stanley Karl Ackerman - BNP Paribas Ruben Roy - Stifel Nicolaus Christopher Rolland ...