Coherent Corp., specializing in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. Its segments include Networking, Materials and Lasers. The Networking segment leverages its compound semiconductor technology platforms and knowledge of end-user applications for its key end markets to deliver differentiated components and subsystems. The Materials segment includes engineered materials and optoelectronic devices, such as those based on zinc selenide (ZnSe), zinc sulfide (ZnS), gallium arsenide (GaAs), indium phosphide (InP), gallium antimonide (GaSb), and silicon carbide (SiC). The Lasers segment's lasers and optics products serve industrial customers in semiconductor and display capital equipment, precision manufacturing, and aerospace & defense, and others.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 51.20% year-on-year.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
Overvalued
The company’s latest PB is 5.16, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 179.48M shares, increasing 9.80% quarter-over-quarter.
Held by Barrow Hanley
Star Investor Barrow Hanley holds 794.15K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.58.