Coherent Corp. - Common Stock (COHR)
279.20
-16.19 (-5.48%)
NYSE· Last Trade: Aug 29th, 4:09 AM EDT
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Coherent shares fell about 12% despite strong earnings and a new 300mm silicon carbide substrate for AI chip thermal management, backed by $1 billion from Denso and Mitsubishi Electric.
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Record revenue and margin expansion driven by AI data center optical connectivity demand.
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Coherent (NYSE:COHR) has outperformed the market over the past 20 years by 9.29% on an annualized basis producing an average annual return of 18.58%. Currently, Coherent has a market capitalization of $59.99 billion.
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