Announced end of year results yesterday (08/15)
While Q4 results beat estimates, forward guidance was lower. Shares are getting clobbered today - down more than 1/3
There seems to be a glimmer of positivity in the last sentence. Some potential added revenue from Data Centers.
With lots of idle cash. decided COHR was worth a nibble.
Re-entry below $31/sh is good enough as a rebuild price.
08/18
Coherent receives an upgrade from Rosenblatt.
Agree on the primary premise - the beat-down seems overdone. But slightly confused why the analyst expects the estimates to go higher from here.
Rosenblatt upgrades Coherent, sees stock rout on weak guidance ‘overdone’ | Seeking Alpha