Summary
H7B Chart
3 Stocks to Consider From the Growing Technology Services Market
The Zacks Technology Services industry is growing rapidly, fueled by the swift adoption of remote work and other technological advancements, boosting revenues and cash flow since the pandemic. DAVE, VVX and COHR are expected to follow the growth momentum.
Applied Optoelectronics Falls 12%, Coherent and Lumentum Slide as AI Optics Trade Cools
Shares of Applied Optoelectronics (NASDAQ:AAOI) are sliding Wednesday afternoon, down 12% to $110 and change, as investors pull back from the highest-beta corners of the AI optics trade.
COHR's Post-Earnings Pullback Has Strengthened the Investment Case
Coherent's post-earnings pullback has improved its risk-reward profile despite strong results, higher guidance and expanding AI infrastructure demand.
Coherent Corp. (H7B) FAQ
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Coherent Corp. Profile
| Automobile Components Industry | Consumer Discretionary Sector | James Robert Anderson CEO | XSTU Exchange | US19247G1076 ISIN |
| US Country | 26,157 Employees | 17 Dec 2012 Last Dividend | 27 Jun 2011 Last Split | 26 Mar 1990 IPO Date |
Overview
Coherent Corp. is a global leader in the development, manufacturing, and marketing of engineered materials, optoelectronic components, and devices. The company has a broad reach, serving customers worldwide through its two operational segments: Compound Semiconductors and Photonic Solutions. Initially founded as II-VI Incorporated, the entity underwent a name change to Coherent Corp. in September 2022. With its roots going back to 1971, Coherent Corp. is headquartered in Saxonburg, Pennsylvania, and caters to a wide array of industries including aerospace and defense, medical, industrial, optical communications, electronics, and instrumentation. The company is dedicated to innovation in the photonic sector, providing critical components and solutions for equipment manufacturers, system integrators, government prime contractors, and agencies, as well as for the industrial and consumer electronics markets.
Products and Services
- Compound Semiconductors
This segment delivers optical and electro-optical components and materials tailored for use in various types of lasers including CO2, fiber, and direct diode lasers mainly for material processing applications. Coherent Corp. also provides infrared optical components and high-precision optical assemblies designed for demanding sectors like aerospace and defense, medical, and commercial laser imaging. Additionally, the segment offers semiconductor lasers and detectors for optical interconnects and sensing applications, alongside engineered materials suitable for thermoelectric, ceramics, and silicon carbide applications, and compound semiconductor epitaxial wafers for optical and wireless communication use.
- Photonic Solutions
The Photonic Solutions segment focuses on the manufacture of transceivers for high-speed data transmission in data centers and telecom optical networks, along with pump lasers, optical amplifiers, wavelength selective switches, and various advanced components for telecom networks. It also specializes in the production of crystal materials, optics, lasers, and optoelectronic modules for a broad spectrum of applications, including optical communications, life sciences, and consumer electronics markets.
