COHR: Coherent, Inc. Market Currents - On the Move

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Friday, January 25, 4:23 PM Coherent (COHR +10.6%) continued its recent rally in the wake of its FQ1 report. Though results were mixed, the industrial/electronics laser vendor guided in prepared remarks (.pdf) for FQ2 revenue of $193M-$203M, above a $192.7M consensus. Also, FQ1 gross margin rose 100 bps Q/Q to 42.6%, and book-to-bill was 0.96, a healthy figure in light of macro (Europe) and industry-specific (science, electronics/chips) challenges. Peers rose in sympathy: IPGP +2.2%. NEWP +1.5%. RSTI +2.1%. Comment! [Tech, Earnings, On the Move]
Wednesday, October 31, 2012, 10:08 AM IPG Photonics (IPGP -6.7%) continues to slump following its Q3 report. Though results beat estimates, the industrial laser maker is guiding for Q4 revenue of $140M-$150M and EPS of $0.65-$0.75, below a consensus of $156.3M and $0.81. IPG, which is heavily exposed to Europe and China, says its Q3 book-to-bill was below 1, and that macro pressures in "a few key geographies" are hurting sales. Rival Coherent (COHR -2.2%) is also lower. IPG's CC is underway (webcast). (PR) Comment! [Tech, Earnings, On the Move]
Monday, October 22, 2012, 5:38 PM Coherent (COHR) +4.1% AH and P.H. Glatfelter (GLT) +4.6% on news they will be joining the S&P MidCap 600 as of Friday's close. Lawson Products (LAWS) and soon-to-be-acquired Peet's Coffee will be removed. Comment! [Tech, On the Move, Commodities]
Thursday, August 25, 2011, 2:11 PM Coherent (COHR -2.7%) announces a new $50M stock buyback plan after the laser products company says it completed a previously announced $75M buyback. Shares were down 6% earlier today before recovering a bit. Comment! [Tech, On the Move]

COHR Coherent, Inc.

COHR

Coherent, Inc.