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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 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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Windstream Wholesale and Cisco Further Unlock the Potential of Coherent Optics with the Industry's First 1Tbps Wavelength Over 1,100 Kilometers

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Windstream Wholesale and Cisco announced the successful transmission of a 1 terabit per second (Tbps) wavelength over a 1,100-kilometer link across multiple routes on Windstream’s Intelligent Converged Optical Network (ICON). This achievement was enabled by the Cisco NCS 1014 C-Band 2.4T WDM Transponder Line Card with Acacia’s Coherent Interconnect Module (CIM) 8. The successful trial deployments demonstrate the industry's first 1.2Tbps faceplate pluggable coherent solution and reinforce Windstream's 800G wave strategy. The collaboration between Windstream Wholesale, Cisco, and Acacia has resulted in numerous successful milestones, showcasing the commitment to technology leadership and networking expertise.
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Coherent Introduces Dot Projector Modules for Depth Sensing in Consumer Electronics, Robotics, and Autonomous Vehicles

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Coherent Corp. (COHR) introduces dot projector modules for depth sensing in consumer electronics, robotics, and autonomous vehicles. The modules are based on 940 nm vertical-cavity surface-emitting lasers (VCSELs) and are designed to match various depth range and spatial resolution requirements of spot-assisted time-of-flight (TOF) 3D cameras. The product aims to lower the burden of optics design and system integration, shorten time to market, and offer scalability, supply-chain security, and leading quality. Coherent will showcase its products and innovations at Photonics West 2024 in San Francisco.
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Coherent Issues Its ESG Report 2023 and Sets a Net Zero Greenhouse Gas Emissions Target of FY2040

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Coherent Corp. (NYSE: COHR) has published its Environmental, Social, and Governance (ESG) Report 2023, setting a net-zero Scope 1 and Scope 2 greenhouse gas emissions target of FY2040. The report highlights the company's commitment to sustainability, diversity, and innovation, including obtaining over 50% of its global energy needs from renewable sources and launching initiatives for sustainable procurement and product development.
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Coherent Unveils Industry’s First 800G ZR/ZR+ Transceiver in Ultracompact QSFP-DD Pluggable Form Factor for Optical Communications Networks

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Coherent Corp. (NYSE: COHR) introduces the 800G ZR/ZR+ transceiver in ultracompact QSFP-DD and OSFP form factors for optical communications networks. The transceivers leverage the 140 GBaud IC-TROSA, enabling direct connection to IP routers, eliminating the need for intermediary interfaces, and reducing capital and operational expenditures. The 800G transceiver supports multiple modulation formats and data rates between 200 Gbps and 800 Gbps, with alpha samples available in Q1 2024.
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Coherent’s Silicon Carbide Semiconductor Business Completes $1 Billion in Investments From DENSO and Mitsubishi Electric

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Coherent Corp. (NYSE: COHR) announced a $1 billion investment by DENSO CORPORATION and Mitsubishi Electric Corporation in its silicon carbide semiconductor business. The investment will fund future capital and operating expenses for the business, with each company investing $500 million for a 12.5% non-controlling interest.
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FAQ

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

The current stock price of Coherent (COHR) is $105.34 as of November 22, 2024.

What is the market cap of Coherent (COHR)?

The market cap of Coherent (COHR) is approximately 16.2B.

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

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

COHR Stock Data

16.21B
152.77M
1.18%
94.6%
3.53%
Scientific & Technical Instruments
Optical Instruments & Lenses
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United States of America
SAXONBURG