erent (US:COHR) 智通财经网·2025-08-15 07:38Core Viewpoint - Coherent's stock dropped nearly 20% after the earnings report due to investor concerns over its data communication business share, although most institutions remain optimistic about the company's long-term prospects, maintaining or raising target prices and ratings [1]. Group 1: Financial Performance - Coherent's first-quarter revenue is expected to grow by 15% year-over-year, but this is significantly lower than Lumentum's 6% growth in its network business [1]. - B. Riley reported that the network business revenue increased by 5% quarter-over-quarter to $945 million, with the data communication segment growing by only 3%, down from 11% in the previous quarter [2]. - Stifel predicts that Coherent's adjusted gross margin will reach approximately 40.5% by fiscal year 2027 [3]. Group 2: Analyst Ratings and Target Prices - Needham raised its earnings per share forecast for fiscal year 2026 while lowering revenue expectations, maintaining a "Buy" rating with a target price of $120 [1]. - B. Riley upgraded its target price from $77 to $85 while maintaining a "Neutral" rating [2]. - Stifel raised its target price from $100 to $118, reiterating a "Buy" rating [3]. - Raymond James maintained a "Strong Buy" rating and increased its target price from $120 to $134, citing strong demand trends in data center and data communication interconnects [3]. Group 3: Operational Strategies - Coherent is enhancing its profit margins through cost reduction, sales expansion, and pricing optimization, exemplified by the $400 million sale of its aerospace and defense business to Advent International [2]. - The construction of a 6-inch wafer fab in Sherman, Texas, is expected to further improve profit margins as production begins in August [3].