5 Things About Coherent That Smart Investors Know

Many tech investors likely recognize Coherent (NYSE: COHR) as the maker of lasers, optical equipment, and chips and it was acquired by II-VI last July. Its gross and operating margins also contracted as its revenue growth cooled off. For fiscal 2024, which ends next June, Coherent expects its revenue to decline 9%-13% as its adjusted EPS plunges 50%-67%.