COHR - not Coherent enough

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

Coherent beats Q4 top and bottom line estimates; sees Q1 and FY24 outlook below estimates | Seeking Alpha

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.


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

Yeap. Bought at 3.75 b MC last year…

It’s basically two 2 2B companies combined… So why not? :smile:

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And nice results announced on 02/06/24.

Had not considered COHR as an AI play. That could also have been a factor in the bounce.