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. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced the date for its FY2024 Fourth-Quarter and Fiscal Year-End Results Conference Call. The company will release its financial results for the quarter and fiscal year ended June 30, 2024, after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET on the same day.
Interested parties can access the live webcast through the company's website or via a provided link. A recording of the call will be available for a time. Coherent, headquartered in Saxonburg, Pennsylvania, serves diverse applications in industrial, communications, electronics, and instrumentation markets with its breakthrough technologies.
Coherent Corp. (NYSE: COHR) has reached a significant milestone in the Thirty Meter Telescope (TMT) project, completing its 100th polished mirror segment. The company is using advanced stress mirror polishing (SMP) technique to produce hexagonal segments for the TMT's 30-meter primary mirror, achieving a rate of one segment per week. Coherent's contribution was praised by TMT representatives during a recent visit.
The company has also installed an advanced ultrasonic CNC machine capable of addressing two-meter-sized optics, marking the next major phase of the TMT program. This machine will be important for machining the roundels into their final hexagonal shapes. Coherent's expertise in precision large-format optics and high-volume manufacturing positions it as a leader in the field, building on its previous work on projects like the James Webb Space Telescope.
Coherent Corp. (NYSE: COHR) has announced a major milestone, shipping its 300-millionth optical transceiver from its Ipoh, Malaysia facility. This achievement highlights the company's robust supply chain solutions and advanced manufacturing capabilities. The Ipoh facility, established in 2001, spans 640,000 square feet, employs 3,600 skilled workers, and plays a critical role in producing next-generation optical transceivers. Coherent's strategic location and infrastructure contribute to its competitive edge in the global market, particularly in meeting the demands of the AI datacom sector.
Coherent Corp. (NYSE: COHR) has appointed Jim Anderson as the new Chief Executive Officer, effective June 3, 2024. Anderson joins Coherent from Lattice Semiconductors, where he served as President and CEO, driving corporate strategy and achieving record profits and margins. He replaces Dr. Vincent D. Mattera, Jr., who is retiring. Anderson brings extensive experience in transforming global businesses and is expected to leverage Coherent's AI-related datacom portfolio and industrial market opportunities. Anderson has held leadership roles at AMD, Intel, and Broadcom, among others.
Coherent Corp. (NYSE: COHR) has launched the Coherent PM10K+ laser power sensor, tailored for high-power applications and capable of reducing measurement times by up to 500%. This innovative sensor measures CW laser power up to 10 kW (12 kW intermittent) in under 3 seconds, featuring a large active area to prevent beam clipping and a laser interlock to protect the sensor. It's optimized for industrial applications such as cutting and welding. The PM10K+ integrates advanced thermal management technologies and proprietary algorithms, making it the fastest kW-class calorimeter-based sensor available. It offers two interface options for connectivity: USB and RS-232, ensuring compatibility with various systems. Coherent's broad portfolio supports markets including industrial, life sciences, and aerospace.
Coherent announced the launch of the industry's first single-mode (SM), polarization-maintaining (PM) erbium-ytterbium co-doped optical fiber. This innovation supports high-power 1550 nm, narrow linewidth, and single-frequency amplifiers with >20 W average power capabilities. The fiber features a 130 µm geometry made possible by Coherent's proprietary manufacturing technology, merging high-power performance with superior beam quality. It is designed for quantum computing and coherent LiDAR research, also enhancing the power scalability of current single-frequency amplifier systems. Coherent offers precision-matched passive fibers and a range of customizable erbium-ytterbium co-doped fibers to suit various applications. The PM-EYDF-10P/130-XPH and matching passive optical fiber products are available immediately.
Coherent Corp. (NYSE: COHR) will host an Instrumentation Market Overview webcast on May 14, 2024, at 10:00 a.m. ET. The company delivers breakthrough technologies in materials and systems for diversified applications. Coherent has global facilities and focuses on industrial, communications, electronics, and instrumentation markets.
Coherent Corp. reported its third-quarter fiscal year 2024 financial results. The results are available in a letter to shareholders on the company's Investor Relations website. A conference call will be held on May 7, 2024, to discuss the results. Coherent is a global leader in materials, networking, and lasers, empowering market innovators through breakthrough technologies.
FAQ
What is the current stock price of Coherent (COHR)?
What is the market cap of Coherent (COHR)?
What does Coherent Corp. specialize in?
What are the main segments Coherent operates in?
What recent innovations has Coherent introduced?
What is the significance of Coherent's 6-inch indium phosphide wafer fabrication?
How much funding did Coherent secure from the CHIPS Act?
Where can I find Coherent's latest financial results?
What is the significance of Coherent's VCSEL technology development?
Who can I contact for more information about Coherent?
Where is Coherent Corp. headquartered?
What industries does Coherent serve?
