Coherent, Inc. Reports First Fiscal Quarter Results Including Record Bookings

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. TSLA
6. META
7. RTX
8. SMCI
9. GOOGL
10. S

Go back to Coherent, Inc. Reports First Fiscal Quarter Results Including Record Bookings

Needham & Company Raises Price Target Following Coherent's (COHR) Record 1Q Bookings

January 29, 2016 8:18 AM EST

Needham & Company reiterated a Buy rating on Coherent (NASDAQ: COHR), and raised the price target to $85.00 (from $68.00), following the company's 1Q earnings report. Stronger margins resulted in non-GAAP EPS coming in at $0.99, solidly above Street expectations of $0.89. COHRs microelectronics business, which includes its Linebeam equipment for the display market, posted bookings of $187M, up 162% y/o/y and 94%... More