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COHR / Coherent Corp stock drops as outlook disappoints investors

Coherent Corp (NASDAQ:COHR) stock traded 20% lower ahead of Wednesday's open after giving investors weaker-than-expected guidance for the upcoming financial year. The optical and semiconductor tech company warned the market, in quarterly results last night, that it is not expecting to see a “meaningful rebound” from the macroeconomic challenges that have impacted its business in the past year. Read More

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Posted: Aug 16 2023, 08:11

Author Name: Proactive Investors

COHR News

By Seeking Alpha
October 19, 2023

Coherent: Temporary Economic Challenges With A Long-Term Growth Outlook

By Seeking Alpha
October 17, 2023

Coherent: Not Sending A Coherent Message

Coherent (formerly II-VI) has faced operational headwinds and a debt overhang, leading to a re-rated stock. Shares have doubled in a few weeks due to

By The Motley Fool
October 16, 2023

Better Stock Buy: Coherent vs. Lumentum

Coherent and Lumentum are both leading laser and optical chip makers. Coherent is larger and operates a growing silicon carbide business.

By The Motley Fool
October 16, 2023

5 Things About Coherent That Smart Investors Know

Coherent expanded through acquisitions over the past three decades. It expects to profit from the growth of the silicon carbide and AI markets.

By The Motley Fool
October 13, 2023

Why Investors Shoved Coherent Stock 5% Higher This Week

Two major players in Japanese industry are investing $1 billion into a key company business. The pair are manufacturers Mitsubishi Electric and Denso.

By The Motley Fool
October 13, 2023

Where Will Coherent Stock Be in 1 Year?

Coherent's stock has stayed nearly flat since its acquisition by II-VI last year. Sluggish sales of its legacy products are offsetting its stronger sa

By The Motley Fool
October 10, 2023

Why Coherent Stock Jumped on Tuesday

Two Japanese automakers will invest $1 billion in Coherent's silicon carbide business. Coherent will own 75% of the new subsidiary.

By Proactive Investors
October 10, 2023

Coherent shares surge on $1B investment from Denso and Mitsubishi Electric

Coherent Corp shares jumped on Tuesday following the announcement of a substantial $1 billion investment into its silicon carbide business from two Ja

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