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) will present at the Nasdaq 47th Investor Conference on December 7, 2022, at the May Fair Hotel in London. The presentation is scheduled for 6:30 a.m. ET. Mary Jane Raymond, the Chief Financial Officer, will represent the company. A real-time audio webcast of the presentation will be available on Coherent's Investor Relations website, with a replay accessible after the event. Coherent is a leader in materials, networking, and laser technology, with global operations in various markets.
Coherent Corp. (Nasdaq: COHR) announced its participation in the 2022 Raymond James Technology Investors Conference. The event is scheduled for December 5, 2022, at 2:15 p.m. ET, in New York, NY. Chief Financial Officer Mary Jane Raymond will present, and a real-time audio webcast will be available on the company’s Investor Relations page. A replay will also be accessible after the event. Coherent specializes in innovative technologies across various markets, including industrial and communications.
Coherent Corp. (Nasdaq: COHR) reported a record revenue of $1.34 billion for Q1 FY23, a **69%** year-over-year increase, with **20%** organic growth. The company achieved a backlog of $3.05 billion, up **119%** year-over-year. Non-GAAP EPS was $1.04, bolstered by favorable FX impacts. However, GAAP EPS was negative at $(0.56), reflecting losses. The company anticipates Q2 revenue between $1,340 million and $1,400 million and full-year revenue between $5,250 million and $5,550 million.
Coherent Corp. (Nasdaq: COHR) announced a conference call on November 9, 2022, at 9:00 a.m. ET to discuss its first-quarter results for FY 2023. The call will be hosted by CEO Dr. Vincent D. (Chuck) Mattera, Jr., along with CFO Mary Jane Raymond, and other executives. The results will be released prior to the market opening and available on their website. Interested participants can access the live webcast and a replay after the event. The company emphasizes innovations across diverse sectors including materials and laser technology.
Coherent Corp. (Nasdaq: COHR) announced the launch of its next-generation BIMO-FSC3 flat sheet cutting laser head series, achieving ultrahigh power ratings of up to 30 kW. This innovation is designed to enhance the speed and efficiency of cutting thick sheet metal, meeting the growing demand in the industry. The series includes three models: BIMO-FSC3-Z-HP, BIMO-FSC3-L, and BIMO-FSC3-Z, each tailored for specific power and application needs. Coherent will showcase these products at the EuroBLECH 2022 trade show in Hanover, Germany, from Oct. 25-28.
Coherent Corp. (Nasdaq: COHR) appointed Dr. Julie Sheridan Eng as Chief Technology Officer. Previously, she served as Senior VP and General Manager of Optoelectronic Devices and Modules. Dr. Eng's role will focus on driving future technology platforms, addressing long-term market trends, and enhancing sustainable growth. Her extensive experience includes leadership roles at Finisar Corporation, where she oversaw the launch of more than 180 fiber-optic transceiver products. Eng holds multiple degrees in Electrical Engineering and Physics, along with numerous patents and industry accolades.
Coherent Corp. (NASDAQ: COHR) partners with Windstream Wholesale and Nokia to successfully integrate a 400 Gig, 0 dBm QSFP-DD coherent pluggable module into Nokia's routers, enhancing Windstream’s ICON network strategy. This integration drastically reduces operational costs by eliminating the need for intermediate DCI boxes, while increasing 400G transceiver density. The partnership underscores a commitment to open networking standards and improves overall network reliability. This innovation represents a significant step toward evolving optical and packet networking.
On October 17, 2022, Coherent Corp. (Nasdaq: COHR) introduced HIGHvision, an advanced machine vision system designed for laser welding heads, targeting the electric vehicle (EV) battery and motor manufacturing sectors. This system enhances manufacturing efficiency through ultrahigh accuracy and rapid alignment, subsequently reducing costs and improving welding throughput. HIGHvision is compatible with Coherent's HighLight FL-ARM lasers and encompasses a growing library of processing applications, including for battery and motor components. Coherent will display this innovation at EuroBLECH 2022.
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