Professional
Added to YB: 2024-10-25
Pitch date: 2024-09-30
COHR [bullish]
Coherent Corp.
+5.71%
current return
Author Info
No bio for this author
Company Info
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide.
Market Cap
$15.1B
Pitch Price
$91.48
Price Target
N/A
Dividend
N/A
Sector
Electronic Equipment, Instruments and Components
Category
growth
Artisan Mid Cap Fund New Position: Coherent Corp.
COHR: Global leader in optoelectronics, experiencing strong AI-related demand for data center optical networking. New CEO expected to drive change: divest slow-growth segments, improve operations. Multiyear revenue growth anticipated from AI exposure and cyclical upturn. Margin expansion opportunities exist.
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