Anyone here studied this yet? Great grwoth stock proving laser for various industries, but primarily for OLED production. Saul does not like Universal Display (OLED), I think because it make money mostly off IP (but also some supply materials). Coherent is a great alternate way to play the OLED wave. It crushed earnings again and is up 9% AH, but worth investigating and keeping on a watch list.
Composite Rating 99 Pass
EPS Rating 92 Pass
RS Rating 98 Pass
Group RS Rating A+ Pass
SMR Rating A Pass
Acc/Dis Rating B+ Pass
Coherent (COHR), a key beneficiary of a trend toward OLED displays in smartphones, easily topped earnings and revenue estimates after the close Tuesday and said it sees “unprecedented demand” across segments.
Hopes that the next Apple (AAPL) iPhone will have OLED technology have boosted shares of OLED supplier Universal Display (OLED), and Coherent supplies laser parts used in the manufacture of OLED, or organic light-emitting diode, displays.
Estimates: Fiscal Q2 EPS to climb to $2.45, up 136% vs. a year ago, on a 102% jump in revenue to $404.4 million, helped by its acquisition of Rofin-Sinar Technologies in November.
Results: EPS of $2.91 on revenue of $422.8 million.
“We are seeing unprecedented demand across many of our verticals as we capitalize upon market trends as well as R&D investments made over the last few years,” CEO John Ambroseo said in a statement. “The largest opportunity is in FPD where customers are projecting capacity at the high-end of our model.”
They also provide lasers to industry and genetic testing (labs or manufacturers I forget now, but OLED is their big cash cow and it looks like it will spread like LCDs and then LEDs did.
Stock is way extened on the chart, so another to wait on.