Wall Street analysts expect Coherent (COHR) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year decline of 27.6%. Revenues are expected to be $1.17 billion, down 5.8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to cons ...

PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in materials, networking, and lasers, today announced a $500,000 sponsorship of two educational initiatives targeted to increase diversity, equity, and inclusion (DEI) in entrepreneurship, innovation, and advanced technology: the HBCU/MI Entrepreneurship & Innovation initiative by Leadership Needed Foundation and the Optica Foundation Amplify Scholarship for Black scientists. The HBCU/MI Entrepreneurship and Innovation init ...

PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- In support of Earth Day 2024, Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company is now obtaining approximately 70% of its global electricity needs from renewable energy sources. In total, this represents over 500 million kWh of renewable electricity per year, thereby avoiding more than 250,000 metric tons of CO2 emissions annually. Coherent has set as a top priority to reduce its carbon footprint ...

PITTSBURGH, April 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended March 31, 2024, in a shareholder letter posted on Coherent’s website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent’s management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing to listen to ...

PITTSBURGH, April 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended March 31, 2024, in a shareholder letter posted on Coherent’s website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent’s management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET. Individuals wishing to listen to ...

PITTSBURGH, April 10, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in wide- and ultrawide-bandgap semiconductors, today announced that it secured $15 million in funding from the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022 that provided the Department of Defense (DoD) with $2 billion to strengthen and revitalize the U.S. semiconductor supply chain. One of the key objectives of the CHIPS program is to nurture ecosystems that reduce risk, incentivizin ...

PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in advanced optical systems, announced today an agreement with the Space Foundation Discovery Center, located in Colorado Springs, Colorado, to provide on loan a demonstration mirror developed for the James Webb Space Telescope (JWST). The JWST launched on December 25, 2021, after a 25-year construction project heralded as one of the most complex and ambitious projects in engineering and space exploration history. The teles ...

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leading provider of high-performance optical networking solutions, announced today new high-power, uncooled pump laser modules built on the latest G10 series laser diode technology. The new modules are developed for high-reliability submarine applications and both single- and dual-chip terrestrial applications. The new uncooled pump laser modules are designed for high-power, high-functionality optical amplifiers and amplified ROAD ...

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in optical communications technology and components, announced today the introduction of a bi-di circulator adaptor. This adaptor enables bi-directional transmission over a single fiber between two transceivers. By enabling bi-directional transmission, the fiber count is reduced by a factor of two, which allows significant cost and space savings. In addition to the rapid growth with data centers driven by AI/ML applications ...

PITTSBURGH, March 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in materials, networking, and lasers, announced today that it will be demonstrating its 800 Gbps coherent transceiver module in QSFP-DD form factor at OFC 2024 in San Diego, March 26-28. The module will be demonstrated in 800G ZR mode transmitting over 9000 ps/nm of dispersion, equivalent to approximately 450 km of fiber. Following the success of 400G ZR/ZR+ digital coherent optics (DCO), customers are looking for an 800G v ...