In its upcoming report, Coherent (COHR) is predicted by Wall Street analysts to post quarterly earnings of $0.60 per share, reflecting an increase of 46.3% compared to the same period last year. Revenues are forecasted to be $1.28 billion, representing a year-over-year increase of 6.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of ...

PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representatives, who commended Coherent for its outstanding contribution to the project and highlighted the performance expectations of the TMT's primary mirror. The TMT primary mirror, consisting of 492 hexagonal segments formin ...

PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representatives, who commended Coherent for its outstanding contribution to the project and highlighted the performance expectations of the TMT's primary mirror. The TMT primary mirror, consisting of 492 hexagonal segments formin ...

Core Insights - Coherent Corp. has achieved a significant milestone by shipping its 300-millionth optical transceiver from its Ipoh facility, highlighting the company's supply chain resilience and manufacturing capabilities [5][6]. Facility Overview - The Ipoh facility, established in 2001, spans 640,000 square feet and employs 3,600 skilled workers, focusing on the production of next-generation optical transceivers [11]. - The facility is strategically located between Kuala Lumpur and Penang, benefiting from a well-connected infrastructure that supports rapid transport of goods and access to a talent pool from nearby universities [7][11]. Strategic Advantage - Coherent's commitment to supply chain resiliency is evident in its investment in the Ipoh facility, which is crucial for meeting the growing demand in the AI datacom market [6]. - The facility plays a pivotal role in producing advanced optical transceivers, including the next-generation 800G, and is preparing for future developments such as 1.6T and 3.2T [11].

Shares of semiconductor maker Lattice slid nearly 16% Monday as Chief Executive Officer Jim Anderson left to lead another electronics manufacturer, Coherent Corp. Coherent shares jumped 23% following the news that Anderson is replacing its retiring CEO. Lattice said Chief Marketing officer Esam Elashmawi is being elevated to the role of interim CEO while the company's board starts a search for a permanent replacement. > Year-to-date stock price chart for Coherent and Lattice Key Takeaways A pair of electron ...

Coherent investors are betting big that a big-name CEO can help to drive growth. Laser maker Coherent (COHR 16.79%) saw its stock run up 19.5% through 11:45 a.m. ET Monday after the company announced it has poached Jim Anderson, CEO of Lattice Semiconductor, to become its own new CEO. Conversely, Lattice shares are down 15% on the news. Lattice announced simultaneously that it has elevated Chief Marketing Officer Esam Elashmawi to become its interim CEO as it begins its search for a permanent replacement. W ...

PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors. Mr. A ...

PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company" or "Coherent") (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors. Mr. A ...

PITTSBURGH, May 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a pioneer in laser test and measurement instruments, proudly announces the launch of its next-generation high-power laser sensor designed to support the expanding high-power applications market and reduce measurement times by up to 500%. Introducing the Coherent PM10K+ Laser Power Sensor The new Coherent PM10K+ laser power sensor can measure the power output of CW lasers up to 10 kW (12 kW intermittent) in less than 3 seconds. This cu ...

PITTSBURGH, May 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a pioneer in laser test and measurement instruments, proudly announces the launch of its next-generation high-power laser sensor designed to support the expanding high-power applications market and reduce measurement times by up to 500%. Introducing the Coherent PM10K+ Laser Power Sensor The new Coherent PM10K+ laser power sensor can measure the power output of CW lasers up to 10 kW (12 kW intermittent) in less than 3 seconds. This cu ...