In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Coherent (COHR). The company’s shares closed last Monday at $258.53, close to its 52-week high of $270.00.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 25.7% and a 69.8% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Onto Innovation, and Western Digital.
Coherent has an analyst consensus of Hold, with a price target consensus of $210.33.
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Based on Coherent’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $326 million and net profit of $144K. In comparison, last year the company earned revenue of $321 million and had a net profit of $5.79 million.
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Coherent, Inc. engages in the design, manufacture, and service of lasers and related accessories. It operates through the OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS) business segments. The OLS segment focuses on laser sources and complex optical sub-systems, typically used in microelectronics manufacturing, medical diagnostics, and therapeutic medical applications. The ILS segment covers laser sources, sub-systems, and tools primarily used for industrial laser materials processing. The company was founded by Eugene Watson on May 26, 1966 and is headquartered in Santa Clara, CA.
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