PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications, announced today the demonstration of two advanced transceiver modules at the European Conference on Optical Communication (ECOC) 2024, set to take place in Frankfurt, Germany, September 23-26. These modules, both operating at 200 Gbps per lane, demonstrate the company's commitment to continued leadership and innovation across multiple optical technologies. 1.6T-DR8 Transceiver The next-gene ...

Coherent (COHR) shares ended the last trading session 6.3% higher at $86.06. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1% gain over the past four weeks. The stock is experiencing gains due to the company's fast-growing sales of AI-related transceivers. This Laser and optics manufacturer is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change o ...

Image 1: Coherent AO-xCAO4x series of transmitter and receiver modules. PITTSBURGH, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications and laser-based technologies, announces the sample availability of its innovative new analog optical multi-link modules featuring a detachable land grid array (LGA) interface. This cutting-edge product platform supports next-generation analog optical links up to the Ka-band, targeting both terrestrial and space applicati ...

Image 1: 2x400 mW Dual-Chip 980 nm Micro-Pump Laser. PITTSBURGH, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in high-performance optical networking solutions, today announced an uncooled dual-chip 980 nm micro-pump laser delivering a powerful 2x400 mW output. The new laser is delivered in a compact 3-pin module, making it the ideal choice for next-generation coherent transceivers in data center interconnects and in compact singlechannel and bidirectional amplifiers for me ...

Image 1: 800G QSFP-DD coherent pluggable transceiver. PITTSBURGH, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in highspeed optical networking technology, today announced the industry's first L-band 800 Gbps coherent pluggable transceiver in a QSFP-DD form factor. This innovative product will be showcased at ECOC 2024 in Frankfurt, Germany, Sept. 23-25, 2024. Hyperscale data centers and telecom carriers require solutions to expand fiber capacity at lower costs. By expanding from ...

PITTSBURGH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of advanced engineered materials, announced its selection for Phase 3 of the Intelligence Advanced Research Projects Activity (IARPA) RESILIENCE program. The project focuses on the development of high-energy rechargeable lithium-sulfur (Li-S) batteries. This achievement follows the company's successful completion of Phase 2 in June 2024. Coherent is one of only two companies advancing to this critical phase. The R ...

PITTSBURGH, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced new additions to its optical communications test portfolio with the launch of new high-port-count instruments in the WaveShaper family and enhanced offerings in the WaveMaker family. These new products include the WaveShaper® 32000B and 32002B reconfigurable optical processors, now available in Super-C and Super-C plus Super-L band configurations, and the WaveMake ...

PITTSBURGH, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the launch of new high-efficiency continuous wave (CW) distributed feedback (DFB) lasers. Specifically engineered for silicon photonics transceiver modules, this innovative laser family represents a leap forward in indium phosphide (InP) laser technology. Image 1. 70 mW CW InP Laser Diode Chip. Designed to operate in the O-band (1310 nm region), the Coherent CW InP ...

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Investment Rating - The report does not explicitly state an investment rating for Coherent (COHR) Core Insights - Coherent's FY2024 revenue was $4.708 billion, a decrease of 8.8% year-over-year, with a Non-GAAP net profit of $381 million, down 32.8% year-over-year, and diluted EPS of $1.67 [5][15] - In FY24Q4, the company achieved revenue of $1.314 billion, a year-over-year increase of 9.1%, primarily driven by the growth in data communication optical modules due to AI demand [5][15] - The company expects FY25Q1 revenue to be between $1.27 billion and $1.35 billion, with a Non-GAAP gross margin forecasted at 36%-38% [11] Summary by Sections 1. Coherent FY2024 Operating Performance - For FY2024, Coherent reported total revenue of $4.708 billion, a decline of 8.8% compared to the previous year, with a Non-GAAP net profit of $381 million, down 32.8% [5][15] - In FY24Q4, the company generated $1.314 billion in revenue, reflecting a 9.1% increase year-over-year, largely due to the strong performance of data communication optical modules [5][15] 2. Revenue Breakdown by Industry - The networking segment was the largest revenue contributor, generating $2.296 billion in FY2024, with a Non-GAAP operating profit of $308 million [8] - The materials segment reported $1.017 billion in revenue, with a Non-GAAP operating profit of $214 million, while the lasers segment generated $1.395 billion with a Non-GAAP operating profit of $187 million [8] 3. FY25Q1 Company Performance Guidance - Coherent anticipates FY25Q1 revenue between $1.27 billion and $1.35 billion, with expected Non-GAAP gross margins of 36%-38% and operating costs between $260 million and $280 million [11] 4. Conference Call Highlights - The company is focusing on optimizing its asset portfolio and reallocating investments to high-growth opportunities while reducing investments in underperforming areas [12][13] - Coherent aims to improve its gross margin to over 40% through pricing optimization and enhancing product yield and overall asset utilization [12][13] - The 800G optical module revenue is experiencing strong growth, with increasing backlog orders, and the company has delivered initial samples of the 1.6T optical module, expected to enter mass production in 2025 [12][14]