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Last $57.95 USD
Change Today -2.63 / -4.34%
Volume 325.1K
COHR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

coherent inc (COHR) Snapshot

Open
$58.00
Previous Close
$60.58
Day High
$59.61
Day Low
$56.27
52 Week High
03/23/15 - $68.50
52 Week Low
01/20/15 - $53.76
Market Cap
1.4B
Average Volume 10 Days
132.5K
EPS TTM
$2.74
Shares Outstanding
23.8M
EX-Date
12/17/12
P/E TM
21.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for COHERENT INC (COHR)

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coherent inc (COHR) Details

Coherent, Inc. provides photonics-based solutions for a range of commercial and scientific research applications in the United States and internationally. The company operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. It designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. The company’s products are used in microelectronics, scientific research and government programs, original equipment manufacturer components and instrumentation, and materials processing markets. It markets its products through a direct sales force, as well as through direct sales personnel and independent representatives. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.

2,519 Employees
Last Reported Date: 11/25/14
Founded in 1966

coherent inc (COHR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $625.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $370.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $335.0K
Executive Vice President of Worldwide Sales &...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

coherent inc (COHR) Key Developments

Coherent Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended July 4, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015

Coherent Inc. reported unaudited earnings results for the third quarter and nine months ended July 4, 2015. For the quarter, the company’s net sales were $188.502 million against $196.517 million a year ago. Income from operations was $18.694 million against $17.148 million a year ago. Income before income taxes was $18.086 million against $16.925 million a year ago. Net income was $13.264 million or $0.53 per diluted share against $12.999 million or $0.52 per diluted share a year ago. Non-GAAP net income was $20.552 million against $18.228 million a year ago. Non-GAAP net income per diluted share was $0.82 against $0.73 a year ago. Net sales for the third quarter declined $8 million or 4.1% compared to the same quarter a year ago, which is the result of the unfavorable impact of exchange rate fluctuations. Compared to the previous quarter, net sales decreased $15.2 million or 7.5%, which is partially due to the Linebeam 1500 ELA system shift to the fourth quarter and a slowdown in semiconductor investments. In addition, the company’s medical ophthalmic revenues declined following a very strong second quarter. Cash flow from operations for the third quarter was $11.6 million negative, mainly as a result of increased accounts receivable. Capital spending for the quarter was $4 million or 2.1% of sales. For the nine months, the company’s net sales were $592.838 million against $589.295 million a year ago. Income from operations was $65.135 million against $52.972 million a year ago. Income before income taxes was $65.832 million against $53.569 million a year ago. Net income was $49.107 million or $1.96 per diluted share against $40.009 million or $1.60 per diluted share a year ago. Non-GAAP net income was $65.863 million against $55.699 million a year ago. Non-GAAP net income per diluted share was $2.63 against $2.23 a year ago. Year-to-date cash flow from operations remains strong at approximately $69 million and increased 6% versus the comparable period last year. The year-to-date capital spending was $16.2 million or 2.7% of sales. The company provided earnings guidance for the fourth quarter of 2015. For the quarter, the company’s current outlook for the fourth quarter revenue ranges from $205 million to $215 million and is inclusive of the third Linebeam 1500 ELA system, which was shifted from the third to the fourth quarter, and approximately $2 million to $3 million revenue from the recent acquisitions. The company projects its fourth quarter pro-forma gross profit percentage to be in the range of 42.5% to 43% of sales inclusive of the recently acquired businesses. Both of these businesses are expected to be dilutive to its pro-forma gross profit percentage until the end of fiscal 2016. For the year 2015, the company expects its pro-forma tax rate to be approximately 27% for the fiscal year, and the company expects its full 2015 capital spending to be approximately 3% to 3.5% of sales. Monaco was introduced at Lasers Munich, and its initial shipments will occur this fiscal year. The company expects volume orders to occur in fiscal 2016.

Coherent Inc. to Report Q3, 2015 Results on Jul 30, 2015

Coherent Inc. announced that they will report Q3, 2015 results at 1:30 PM, Pacific Standard Time on Jul 30, 2015

Coherent Inc., Q3 2015 Earnings Call, Jul 30, 2015

Coherent Inc., Q3 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

COHR

Industry Average

Valuation COHR Industry Range
Price/Earnings 21.3x
Price/Sales 1.8x
Price/Book 1.8x
Price/Cash Flow 19.5x
TEV/Sales 1.3x
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