Investors interested in stocks from the Technology Services sector have probably already heard of Coherent (COHR) and Symbotic Inc. (SYM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies wi ...

I recommended a buy rating for Coherent Corp. (NYSE: COHR ) when I wrote about it in October 2023 , as I expected its datacom segment to be a key growth driver, supported by demand for AI. TheI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-te ...

Coherent Corp.'s (COHR) stock price has increased significantly over the past six months. The stock has gained 30.6% compared with the industry's 74.6% rally and the Zacks S&P 500 composite's 11.7% growth.Six Months Price Performance Image Source: Zacks Investment Research COHR has performed better than its industry peers, Lumen Technologies (LUMN) and Bitfarms Ltd. (BITF) . LUMN has declined 17.7% and BITF has fallen 39% over the same period.In the last trading session, the COHR stock closed at $87.3, 23.2 ...

Investors interested in stocks from the Technology Services sector have probably already heard of Coherent (COHR) and Symbotic Inc. (SYM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate re ...

Coherent Corp. (NYSE:COHR) Q2 2025 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Paul Silverstein - Senior Vice President, Investor Relations Jim Anderson - Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Michael Mani - Bank of America George Nader - Jefferies Meta Marshall - Morgan Stanley Papa Sylla - Citi Karl Ackerman - BNP Paribas Thomas O'Malley - Barclays Christopher Roll ...

Coherent (COHR) reported $1.43 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 26.8%. EPS of $0.95 for the same period compares to $0.36 a year ago.The reported revenue represents a surprise of +4.32% over the Zacks Consensus Estimate of $1.38 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +35.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

INVESTOR PRESENTATION Second Quarter Fiscal 2025 February 2025 Copyright 2025, Coherent. All rights reserved. 1 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding (i) the growth, megatrends, and value proposition in the markets we serve including industrial, communications, electronics, and instrumentation; and (ii) our estimates and projections for our business outlook for the third quarter of fis ...

Coherent (COHR) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 35.71%. A quarter ago, it was expected that this Laser and optics manufacturer would post earnings of $0.63 per share when it actually produced earnings of $0.74, delivering a surprise of 17.46%.Over the last four quarter ...

Financial Performance - Total revenues for the three months ended December 31, 2024 increased 27% to $1,435 million, compared to $1,131 million for the same period last fiscal year [112]. - Revenues for the six months ended December 31, 2024 increased 27% to $2,783 million, compared to $2,185 million for the same period last fiscal year [115]. - Networking revenues increased 56% year-over-year due to strong AI datacenter demand and recovery in telecom [114]. - Lasers revenue increased 6% year-over-year, reflecting strong demand in display capital equipment and semiconductor capital equipment [114]. - Materials revenues decreased 4% year-over-year, primarily due to weak automotive end market demand [114]. - Networking segment revenues for the three months ended December 31, 2024 increased 56% to $816 million, compared to $524 million for the same period last fiscal year [127]. - Materials segment revenues for the three months ended December 31, 2024 decreased 4% to $243 million, compared to $254 million for the same period last fiscal year [129]. - Lasers segment revenues for the three months ended December 31, 2024 increased 6% to $375 million, compared to $354 million for the same period last fiscal year [132]. Profitability and Expenses - Gross margin for the three months ended December 31, 2024 was $509 million, or 36% of total revenues, an increase of 452 basis points from 31% in the same period last fiscal year [116]. - Research and development expenses for the three months ended December 31, 2024 were $144 million, or 10% of revenues, compared to $111 million, or 10% of revenues, for the same period last fiscal year [117]. - SG&A expenses for the three months ended December 31, 2024 were $221 million, or 15% of revenues, down from $209 million, or 18% of revenues for the same period last fiscal year [118]. - Segment profit for the Networking segment for the three months ended December 31, 2024 increased 61% to $153 million, compared to $95 million for the same period last fiscal year [128]. Restructuring and Synergies - The restructuring plan approved on May 23, 2023 resulted in charges of $8 million for the three months ended December 31, 2024, primarily for site move costs and employee termination costs [107]. - The company achieved its previously announced $250 million synergy plan, which includes savings from supply chain management and operational efficiencies [108]. - Restructuring charges for the three and six months ended December 31, 2024 were $8 million and $32 million, respectively, compared to a net recovery of $2 million and net charges of $1 million for the same periods in 2023 [119]. - The company expects restructuring actions to be substantially completed by the end of fiscal 2025 [107]. Cash Flow and Debt - Net cash provided by operating activities was $340 million for the six months ended December 31, 2024, compared to $266 million for the same period last fiscal year [137]. - Net cash used in investing activities was $172 million for the six months ended December 31, 2024, compared to $156 million for the same period last fiscal year [138]. - Net cash used in financing activities was $266 million for the six months ended December 31, 2024, compared to net cash provided of $859 million for the same period last fiscal year [139]. - As of December 31, 2024, total debt obligations amounted to $3.86 billion, down from $4.1 billion as of June 30, 2024 [142]. - The company made payments of $248 million for the Term Facilities during the six months ended December 31, 2024, including voluntary payments of $215 million [142]. - The company received $1.0 billion in exchange for 25% equity of Silicon Carbide LLC, aimed at funding future capital expansion [143]. - As of December 31, 2024, the company held approximately $783 million of cash, cash equivalents, and restricted cash outside the United States [145]. - The company believes existing cash, cash flow from operations, and available borrowing capacity will be sufficient to fund its needs for at least the next twelve months [144]. Interest and Taxation - Interest and other, net for the three months ended December 31, 2024 was an expense of $8 million, a decrease of $61 million from $69 million for the same period last fiscal year [121]. - The effective income tax rate for the year-to-date at December 31, 2024 was 14%, down from 24% for the same period in 2023 [122]. - The company incurred interest expenses of $52 million and $106 million for the three and six months ended December 31, 2024, respectively [141]. - The interest rate cap reduced interest expense by $7 million and $21 million for the three and six months ended December 31, 2024, respectively [141]. - A change in interest rates of 100 basis points on variable rate borrowings would have resulted in additional interest expense of $8 million and $16 million for the three and six months ended December 31, 2024, respectively [148]. Risk Management - The company paused its balance sheet hedging program indefinitely as of September 30, 2024, while continuing to analyze foreign exchange risks [147].

Q2 REVENUE OF $1.43B, INCREASED 27% Y/YQ2 GAAP GROSS MARGIN OF 35.5%, INCREASED 452 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 38.2%, INCREASED 363 bps Y/YQ2 GAAP EPS OF $0.44, IMPROVED $0.82 Y/Y; Q2 NON-GAAP EPS OF $0.95, IMPROVED $0.69 Y/Y SAXONBURG, Pa., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in materials, networking, and lasers, announced financial results today for its fiscal second quarter ended December 31, 2024. Revenue for the s ...