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Coherent Corp. - COHR STOCK NEWS

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.

News

Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results

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Coherent Corp. (NYSE: COHR) has announced its financial results for the second quarter of fiscal year 2024. The results have been published in a letter to shareholders on the company's Investor Relations website. A conference call with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and the management team is scheduled for February 6, 2024, at 8:00 a.m. ET. The shareholder letter provides detailed financial information and disclosures, offering insights into the company's operating performance and outlook.
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Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing

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Coherent Corp. (COHR) introduces the ExactWeld 410 laser welding system for medical device manufacturing, showcasing it at MDM West. The system offers precision welding, cost optimization, small footprint, and traceability, meeting FDA-certified manufacturing requirements. Coherent also provides a full range of laser systems for cutting and marking, collaborating with customers to solve manufacturing challenges globally.
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Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles

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Coherent Corp. (NYSE: COHR) has secured multimillion-dollar funding from the Department of Energy (DOE) to accelerate the development of its patented chemical immobilization technology for lithium sulfur (Li-S) battery cells. The funding aims to meet next-generation electric vehicle (EV) requirements and recognizes the unique ability of Coherent’s technology to store more energy in less weight at lower cost. Coherent will use the funds to optimize its patented immobilized sulfur materials and cathodes for EV requirements, with a focus on designing and manufacturing stable cathodes based on sulfur that can retain more than 80% of their original capacity after 1,000 recharging cycles. The potential of sulfur cathodes to secure supply chains and support the strong and growing EV market is also highlighted.
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Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024

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Coherent Corp. (NYSE: COHR) is set to exhibit industry-leading products and capabilities at SPIE Photonics West and BiOS Expo. The company will showcase its broad portfolio of products and technology innovations that are enabling a wide range of applications in industrial, communications, electronics, and instrumentation markets. Some featured products include the Dot projector module for depth sensing, VCSEL-based illumination module platform, OBIS 640 XT red laser module, and WaveShaper 1000A, 4000A, and 500B. Coherent will also host product demonstrations, invited presentations, workshops, and keynote presentations at the event. In addition, the company is set to participate in several upcoming trade shows globally.
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Coherent Introduces Infrared Wire-Grid Polarizers With Industry-Breakthrough Performance for Atmospheric Remote Sensing

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Coherent Corp. (NYSE: COHR) has announced the introduction of a family of mid-wavelength infrared (MWIR) and long-wavelength infrared (LWIR) wire-grid polarizers (WGPs) with industry-breakthrough performance for laser-based atmospheric remote sensing applications. The new WGPs have achieved a contrast ratio of an order of magnitude greater than the highest-performing comparable products in the industry and are nanopatterned with non-oxidizing materials, significantly increasing their reliability. Coherent's broad portfolio of components for laser-based remote sensing also includes optical isolators, collimators, beam expanders, and galvo mirrors. The MWIR polarizers are available now, and the LWIR polarizers will be generally available in the third quarter of calendar 2024.
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Coherent Introduces 532 nm HyperRapid NXT Picosecond Laser for Ultraprecision Manufacturing of Thin-Film Solar Cells

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Coherent Corp. announced the introduction of its new HyperRapid NXT industrial picosecond laser operating at 532 nm with 100 W average power, enabling ultraprecision manufacturing of thin-film solar cells. The new laser answers the market demand for higher process quality and throughput compared to existing nanosecond lasers or lower-power ultrashort-pulse lasers. The new 532 nm laser will be generally available in the calendar Q3 2024.
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Coherent Introduces New WaveShaper Instruments for the U- and Super C-Bands

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Coherent Corp. (NYSE: COHR) has announced the launch of new members of the WaveShaper family, expanding the performance and wavelength range of these instruments to meet the increasing demand for bandwidth in optical communications. The new WaveShaper instruments, including the WaveShaper 1000A, 4000A, and 500B, are designed to test optical components and networking systems in the U- and Super C-bands, offering a powerful combination of functionality, flexibility, and cost-effectiveness. These instruments support research on wide-band multi-wavelength transmission experiments for future high-capacity optical networks and the development of components and systems for upcoming optical multi-wavelength communication systems operating in the Super-C Band.
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Coherent Announces Date Of FY2024 Second-Quarter Conference Call

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Coherent Corp. (COHR) will release its financial results for the quarter ended December 31, 2023, in a shareholder letter on February 5, with a conference call to discuss the results on February 6. The live webcast and replay will be available on the company's website.
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Coherent Introduces 1000 mW Red Laser Modules for Super-Resolution Microscopy

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Coherent Corp. (COHR) introduces the OBIS 640 XT, a diode-pumped solid-state laser module for super-resolution microscopy, enabling breakthroughs in cell biology. The product will be generally available by the end of Q1 2024, expanding Coherent's portfolio of laser modules for life sciences and scientific research.
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Coherent Introduces VCSEL-Based Illumination Module Platform for Short- and Mid-Range Automotive and Industrial LiDAR

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Coherent Corp (COHR) introduces a new illumination module platform for LiDAR in automotive safety and industrial robotics. The platform uses 940 nm VCSEL modules to offer a compact, cost-effective, and efficient solution for depth sensing in various environments, including bright daylight. The company also provides a demonstrator for customers to explore different configurations and scanning algorithms.
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FAQ

What is the current stock price of Coherent (COHR)?

The current stock price of Coherent (COHR) is $99.6 as of December 26, 2024.

What is the market cap of Coherent (COHR)?

The market cap of Coherent (COHR) is approximately 15.3B.

What does Coherent Corp. specialize in?

Coherent Corp. specializes in engineered materials, optoelectronic components, and products used across various sectors, including industrial, optical communications, military, semiconductor, consumer, and life sciences applications.

What are the main segments Coherent operates in?

Coherent operates in two main segments: Photonic Solutions Segment, which leverages II-VI's compound semiconductor technology platforms, and Compound Semiconductors Segment, known for its leadership in differentiated materials and devices.

What recent innovations has Coherent introduced?

Recent innovations include the 800 Gbps coherent transceiver module in QSFP-DD form factor and advancements in VCSEL technology for next-generation optical interconnects.

What is the significance of Coherent's 6-inch indium phosphide wafer fabrication?

The 6-inch indium phosphide wafer fabrication increases production capacity and reduces die costs for InP optoelectronic devices, enhancing competitiveness in communications and sensing markets.

How much funding did Coherent secure from the CHIPS Act?

Coherent secured $15 million in funding from the CHIPS Act to accelerate the commercialization of wide- and ultrawide-bandgap semiconductors.

Where can I find Coherent's latest financial results?

Coherent's latest financial results are available on the Investor Relations section of their website at coherent.com.

What is the significance of Coherent's VCSEL technology development?

Coherent's VCSEL technology development enables significant bandwidth improvements, allowing for optical interconnects operating at 200 Gbps per lane and optical transceivers with 1.6 Tbps capacity.

Who can I contact for more information about Coherent?

For more information, you can contact Amy Wilson, Manager of Corporate Communications, at corporate.communications@coherent.com.

Where is Coherent Corp. headquartered?

Coherent Corp. is headquartered in Saxonburg, Pennsylvania.

What industries does Coherent serve?

Coherent serves various industries including industrial, optical communications, military, semiconductor, consumer, and life sciences applications.

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Coherent Corp.

NYSE:COHR

COHR Rankings

#655 Ranked by Market Cap
N/A Ranked by Dividends

COHR Stock Data

15.32B
152.77M
1.19%
94.77%
3.69%
Scientific & Technical Instruments
Optical Instruments & Lenses
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United States of America
SAXONBURG