Needham & Company Gives Buy Rating to Coherent (COHR)

By admin | 7 years ago

Coherent (NASDAQ: COHR)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company in a report released on Friday.

Coherent traded up 0.53% on Friday, hitting $52.88. Coherent has a 52-week low of $38.38 and a 52-week high of $65.60. The company has a market cap of $1.244 billion and a price-to-earnings ratio of 15.57.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.73 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.83 EPS by $0.10. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Analysts expect that Coherent will post $0.92 EPS next quarter.

Coherent, Inc. is a supplier of photonics based solutions in a range of commercial and scientific research applications.

About the author