Welcome to our dedicated page for Coherent news (Ticker: COHR), a resource for investors and traders seeking the latest updates and insights on Coherent stock.
Coherent Corp. (NYSE: COHR) is a global leader in materials, networking, and lasers, renowned for its innovative contributions across multiple industries. Headquartered in Saxonburg, Pennsylvania, Coherent specializes in engineered materials and optoelectronic components, serving sectors such as industrial, optical communications, military, semiconductor, consumer, and life sciences applications.
Coherent operates through two main segments: Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems, while the Compound Semiconductors Segment is noted for its market leadership in differentiated materials and devices.
Recent achievements include the demonstration of an 800 Gbps coherent transceiver module in QSFP-DD form factor, showcased at OFC 2024. This module features Coherent's 140 Gbaud IC-TROSA optical subassembly, offering high-efficiency indium phosphide modulators and proprietary embedded wavelength-tunable lasers, extending transmission distances up to 1000 km at 800 Gbps.
Additionally, Coherent has been pioneering advancements in VCSEL technology, enabling bandwidth improvements for next-generation optical interconnects. These developments are pivotal for data centers and AI networks, potentially achieving 200 Gbps per lane and optical transceivers with 1.6 Tbps capacity.
Coherent's commitment to innovation is further exemplified by its 6-inch indium phosphide wafer fabrication capability in its U.S. and European fabs, increasing production capacity and reducing die costs for InP optoelectronic devices used in a variety of applications from communications to advanced sensing.
In alignment with its ongoing innovation, Coherent has secured $15 million in funding from the CHIPS Act to accelerate the commercialization of wide- and ultrawide-bandgap semiconductors, enhancing the efficiency of electric vehicles, power grids, and data centers.
Financially, Coherent has demonstrated robust performance, with its Q3 FY2024 results available in a detailed shareholder letter on the Investor Relations section of its website. This format aims to provide greater insight into the company’s operations and future outlook.
For more information about Coherent and its groundbreaking technologies, visit coherent.com.
Coherent Corp. (Nasdaq: COHR) has launched its ultra-wideband telemetry module (UWB-OCM) for next-generation C+L-band optical transport systems. This innovation addresses the growing demand for expanded transmission capabilities in optical networks, essential as existing C-band capacities near their limits. The UWB-OCM utilizes a proprietary tunable filter technology, enabling it to sweep more than 12 THz, making it suitable for advanced optical systems. This product complements the ultrahigh-resolution optical channel monitor (UHR-OCM) introduced in September 2022. Coherent's complete portfolio aims to support evolving requirements in optical communications, enhancing its market position.
Coherent Corp. (Nasdaq: COHR) announced the launch of a new portfolio of ultracompact optical components aimed at enhancing high-speed telecom transceivers and LiDAR systems. This family includes micro-pump lasers, variable optical attenuators, and hybrid passive assemblies, all measuring under 2.5 mm in height. Dr. Sanjai Parthasarathi emphasized the unmatched miniaturization achieved and noted that these components will meet the rising demand cost-effectively. The products are available for individual purchase and custom assembly, featuring capabilities like 400 mW output power. Coherent will showcase these innovations at OFC 2023 in San Diego, March 7-9.
Coherent Corp. (Nasdaq: COHR) has announced the launch of the industry's first dual-chip pump laser module, offering up to 1000 mW of output power per fiber in a compact 10-pin butterfly package. This innovative technology enhances optical transport networks, supporting next-generation broadband and cloud services. The new modules are semi-cooled and utilize highly reliable laser diodes, providing flexibility in output power assignment. Coherent's advancements in pump laser technology underscore its leadership position, having been the first to market with dual-chip modules in 2014. The company will showcase this new technology at OFC 2023 in San Diego from March 7-9.
Coherent Corp. (Nasdaq: COHR) announced recognition for three products in the 2023 Lightwave Innovation Reviews. The 100ZR QSFP28-DCO transceiver received a perfect 5.0 rating, enabling service providers to upgrade 10 Gbps Ethernet links to 100 Gbps. The 200 Gbps EMLs for datacenter transceivers earned a 4.5 rating, supporting 800 Gbps and 1.6 Tbps data rates. Additionally, the WaveMaker™ 4000A programmable optical spectrum synthesizer also achieved a 4.5 rating. The awards reflect Coherent's leadership in optical networking technology.
Coherent Corp. is transferring its common stock and 6.00% Series A Mandatory Convertible Preferred Stock from Nasdaq to the New York Stock Exchange (NYSE), effective February 23, 2023. The common stock will trade under the ticker COHR, while the preferred stock will trade under IIVI. Dr. Vincent D. Mattera, Jr., the company's CEO, expressed excitement about this transition, indicating it reflects the company's transformation and growth strategy. The move aims to enhance shareholder value and aligns with Coherent's commitment to innovation and market leadership in various sectors, including materials and lasers.
Coherent Corp. (Nasdaq:COHR) reported record revenue of $1.37 billion for Q2 FY23, reflecting a 70% year-over-year increase and a 23% organic growth. The company's backlog reached $2.9 billion, up 68% year-over-year. Despite a GAAP loss of $(0.58) per share, the non-GAAP EPS was $0.95. CEO Dr. Vincent D. Mattera, Jr. highlighted strong contributions from the materials, networking, and lasers segments, along with $133 million in debt retirement and $30 million in annual synergies achieved from integration activities. The outlook for Q3 FY23 expects revenue between $1.32-$1.37 billion and non-GAAP EPS of $0.75-$0.90.
Coherent Corp. (Nasdaq: COHR) announced the launch of its new AP 530 S, a fully automated laser system designed for texturing and marking implantable medical devices. This innovative system responds to the growing demand for high-quality manufacturing processes in the medical device sector, driven by technological advancements and an aging population. The AP 530 S operates unattended, ensuring optimal quality and uniformity. Key features include six-axis robotic handling, versatility in processing various device sizes, and a user-friendly software interface. Coherent will present this technology at MD&M West in Anaheim, California, from Feb. 7-9.
Coherent Corp. (Nasdaq: COHR) announced a conference call scheduled for February 8, 2023, at 9:00 a.m. ET, hosted by top executives including Dr. Vincent D. Mattera, Jr. and Mary Jane Raymond. This call will follow the release of the company’s second-quarter FY 2023 results, which will be published before market open on the same day. Stakeholders can access the live webcast via the company’s investor relations page, and there is an option for equity analysts to pre-register for the Q&A session. A replay of the call will be available for a limited time.
Coherent is recognized for its innovations across various markets, including industrial and electronics.
Coherent Corp. (Nasdaq: COHR) will showcase its innovative products at SPIE Photonics West from January 31 to February 2, 2023, at the Moscone Center, San Francisco. At Booth #4805, the company will highlight cutting-edge technologies including the first 10 W HyperRapid NXT 266 nm picosecond lasers and 150 W Monaco infrared lasers, which enhance OLED production capabilities. Coherent will host various demonstrations and presentations on topics like laser systems and consumer electronics sensing. Upcoming trade shows include SEMICON Korea and MD&M West.
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