Coherent Inc. (NASDAQ:COHR) traded at a new 52-week high today of $329.00. So far today approximately 24.5 million shares have been exchanged, as compared to an average 30-day volume of 242,000 shares.
Coherent Inc supplies photonics-based solutions for commercial and scientific research applications. The firm operates in two segments: OEM Laser Sources and Industrial Lasers & Systems. The OEM Laser Sources segment develops and manufactures products for the microelectronics, scientific research, government, and original equipment manufacturer markets. This business contributes the majority of revenue. The Industrial Lasers & Systems segment makes products for the materials processing, OEM components and instrumentation, and microelectronics markets, with a focus on higher-volume products that are sold in set configurations. The majority of Coherent’s revenue is generated outside of the United States.
Over the past year, Coherent Inc. has traded in a range of $78.14 to $275.79 and is now at $268.68.
There is potential upside of 37.9% for shares of Coherent Inc. based on a current price of $268.68 and an average consensus analyst price target of $370.52.
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