Coherent (NYSE:IIVI) - Stock Price, News & Analysis

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IIVI Stock Overview

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide.

About the company

IIVI fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 1.6% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Coherent Corp. Competitors

Littelfuse

NasdaqGS:LFUS

US$5.8b

Belden

NYSE:BDC

US$3.4b

Vishay Intertechnology

NYSE:VSH

US$2.9b

Rogers

NYSE:ROG

US$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for Coherent
Historical stock prices
Current Share Price	US$227.08
52 Week High	US$242.95
52 Week Low	US$122.99
Beta	1.5
1 Month Change	24.77%
3 Month Change	34.41%
1 Year Change	9.70%
3 Year Change	9.17%
5 Year Change	n/a
Change since IPO	6.49%

Recent updates

Shareholder Returns

	IIVI	US Electronic	US Market
7D	6.1%	-4.3%	-3.5%
1Y	9.7%	13.8%	20.2%

Return vs Industry: IIVI underperformed the US Electronic industry which returned 23.2% over the past year.

Return vs Market: IIVI underperformed the US Market which returned 14.2% over the past year.

Price Volatility

Is IIVI's price volatile compared to industry and market?
IIVI volatility
IIVI Average Weekly Movement	8.9%
Electronic Industry Average Movement	6.8%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.0%

Stable Share Price: IIVI's share price has been volatile over the past 3 months.

Volatility Over Time: IIVI's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1971	23,658	Chuck Mattera	www.coherent.com

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates in two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in high-power CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication.

Coherent Corp. Fundamentals Summary

How do Coherent's earnings and revenue compare to its market cap?
IIVI fundamental statistics
Market cap	US$7.09b
Earnings (TTM)	-US$162.42m
Revenue (TTM)	US$4.84b

1.5x

P/S Ratio

-43.6x

P/E Ratio

Is IIVI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IIVI income statement (TTM)
Revenue	US$4.84b
Cost of Revenue	US$3.08b
Gross Profit	US$1.76b
Other Expenses	US$1.92b
Earnings	-US$162.42m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-1.17
Gross Margin	36.33%
Net Profit Margin	-3.35%
Debt/Equity Ratio	59.4%

How did IIVI perform over the long term?

See historical performance and comparison

This company listing is no longer active

IIVI Stock Overview

Rewards

Risk Analysis

Coherent Corp. Competitors

NasdaqGS:LFUS

US$5.8b

NYSE:BDC

US$3.4b

NYSE:VSH

US$2.9b

NYSE:ROG

US$2.1b

Price History & Performance

Recent News & Updates

Coherent Introduces PowerLine FL Series of Cost-Effective Laser Subsystems for Precision Welding and Cutting

Coherent Corp. Introduces New Highmotion 2D Laser Processing Head Optimized for Deep Copper Welds over Wide Working Areas in Ev Applications

Coherent Corp. Introduces 1 kW Optical Isolator for High-Energy Ultrashort-Pulse Lasers

Coherent Corp. Provides Revenue Guidance for the Fourth Quarter and Full Year Ending June 30, 2023

Coherent Introduces Ultra-Wideband Telemetry Module for Embedded Performance Monitoring in C+L-Band Optical Transport Systems

Coherent Corp. Introduces Portfolio of Smaller Ultracompact Components for Optical Amplifiers Embedded in Telecom Transceivers and LiDAR Subsystems

Recent updates

Coherent Introduces PowerLine FL Series of Cost-Effective Laser Subsystems for Precision Welding and Cutting

Coherent Corp. Introduces New Highmotion 2D Laser Processing Head Optimized for Deep Copper Welds over Wide Working Areas in Ev Applications

Coherent Corp. Introduces 1 kW Optical Isolator for High-Energy Ultrashort-Pulse Lasers

Coherent Corp. Provides Revenue Guidance for the Fourth Quarter and Full Year Ending June 30, 2023

Coherent Introduces Ultra-Wideband Telemetry Module for Embedded Performance Monitoring in C+L-Band Optical Transport Systems

Coherent Corp. Introduces Portfolio of Smaller Ultracompact Components for Optical Amplifiers Embedded in Telecom Transceivers and LiDAR Subsystems

Coherent Introduces 2x1000 mW Dual-Chip Pump Laser Module for Optical Amplification in Optical Networks

Coherent Corp. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year Ending March 31, 2023

Coherent Corp. Introduces Fully Automated Laser Processing System for Implantable Medical Devices

Coherent Corp. to Report Q2, 2023 Results on Feb 08, 2023

Coherent Corp. Introduces 266 nm HyperRapid NXT Picosecond Laser for Ultraprecise Machining of OLED Displays

Coherent Corp. Introduces 150 W Monaco Laser for Large OLED Display Glass Cutting

Coherent Introduces First Commercially Available 50 W Pump Laser Diodes for Fiber Lasers

Coherent Corp. Appoints Beck Mason as Executive Vice President, Telecommunications

Coherent Corp. Announces Introduction of its 905 nm Triple-Junction Edge-Emitting Semiconductor Lasers for Light Detection and Ranging in Industrial Applications

Coherent Corp. Elects Shaker Sadasivam as Class Two Director

Coherent Corp. Provides Revenue Guidance for the Second Fiscal Quarter Ending December 31 2022 and Full Year of 2023

Coherent Corp. to Report Q1, 2023 Results on Nov 09, 2022

Coherent Corp. Introduces 30 kW Laser Cutting Heads

Coherent Corp. Appoints Dr. Julie Sheridan Eng as Chief Technology Officer

Coherent Announces Advanced Industry 4.0 Integration of Laser Welding Head Vision System Enabling Revolution in EV Battery and Motor Manufacturing

Coherent Corp., Annual General Meeting, Nov 16, 2022

Coherent Corp. Thought Leaders to Present at ECOC 2022 and Showcase New Products with Live Technology Demonstrations

Coherent Corp. Introduces Ultrahigh-Resolution Telemetry Module for Embedded Performance Monitoring in 800G Optical Transport Systems

Coherent Corp Introduces 200G Indium Phosphide Electro-Absorption Modulated Lasers for High-Speed Datacenter Transceivers

Coherent Corp. Introduces I-Temp Micro-Pump Lasers for Extended Temperature Operation in Broadband Optical Access Networks

II-VI Incorporated Provides Earnings Guidance for the First Fiscal 2023 Quarter Ending September 30, 2022

II-VI Incorporated to Report Q4, 2022 Results on Aug 24, 2022

II-VI Incorporated and Artilux Demonstrate A 3D Camera for Enhanced User Experience in the Metaverse

II-VI Incorporated (NasdaqGS:IIVI) completed the acquisition of Coherent, Inc. (NasdaqGS:COHR).

II-VI Incorporated(NasdaqGS:IIVI) dropped from Russell 2000 Value-Defensive Index

ADVA and II-VI Incorporates Unveil Industry’s First 100Zr Pluggable Coherent Transceiver for the Optical Network Edge

II-VI Incorporated Develops Ultralow Power DSP for 100 Gbps Coherent Transmission in Optical Access Networks

II-VI Incorporated Unveils Node-On-A-Blade Platform with Ultrahigh-Resolution Telemetry for High-Mix Wavelength Services

II-VI Incorporated Announces AEC-Q102 Compliance of its 940 nm VCSEL Flood Illuminator Modules for Automotive In-Cabin Applications

II-VI Incorporated Accepts Resignation of Rear Admiral Marc Y.E. Pelaez (Retired) from the Board and All Committees

II-VI Incorporated Unveils Pluggable Optical Line Subsystem in QSFP Form Factor for 400Zr/Zr+ Transport in Datacenter Interconnects

II-VI Incorporated Provides Revenue Guidance for the Third Fiscal Quarter Ending March 31, 2022

Ii-Vi Incorporated Introduces High-Efficiency Multifunctional Metalenses for Ultracompact Optical Sensors

II-VI Incorporated Introduces Heated Ion Implantation Foundry Services for 150 mm Silicon Carbide Wafers

II-VI Incorporated Introduces Optical Monitoring System for Optical Transport and Access Networks

II-VI Incorporated Extends Waveshaper Programmable Optical Processor and Filter Product Lines for Operation in the C+L Band

II-VI Incorporated Unveils 100 Gbps Indium Phosphide Directly Modulated Lasers for High-Speed Transceivers Deployed in Datacenters

II-VI Incorporated Provides Earnings Guidance for the Fourth Quarter Ending June 30, 2021

II-VI Incorporated Introduces Lithium-Sulfur/Selenium Cathode Technology for High-Energy and High-Power Lithium-Ion Batteries

II-VI Incorporated Elects David L. Motley to Serve as A Member of the Board of Directors

II-VI Incorporated Unveils VCSEL Flood Illuminator Modules for Driver and Occupancy Monitoring Systems in Vehicles

II-VI Incorporated Introduces Ceramic Yttrium Aluminum Garnet Optical Materials for Solid-State Lasers in Automotive LiDAR

II-VI Incorporated Introduces 1060 nm Seed Laser in Miniature Package for Fiber Lasers in Materials Processing

II-VI Incorporated (NasdaqGS:IIVI) made a proposal to acquire Coherent, Inc. (NasdaqGS:COHR) for $6.5 billion.

II-VI Incorporated Introduces Silicon Carbide Ceramic Materials with Record Thermal Conductivity of 255 W/(m-K) for Power Electronics Modules

II-VI Incorporated Introduces Diffraction-Limited Apochromatic Objective Lenses for Fluorescence Imaging in Life Sciences

II-VI Incorporated Unveils High-Power and High-Efficiency Double-Junction VCSEL Arrays for Next-Generation 3D Sensing

II-VI Incorporated to Report Q2, 2021 Results on Feb 09, 2021

Coherent, Inc. and II-VI Incorporated to Jointly Supply Turnkey Automotive and Electrification Welding Solutions

II-VI Incorporated (NasdaqGS:IIVI) completed the acquisition of INNOViON Corporation.

II-VI Incorporated (NasdaqGS:IIVI) completed the acquisition of Ascatron AB.

II-VI Incorporated (NasdaqGS:IIVI) entered into a definitive agreement to acquire Ascatron AB.