Newsfeeds - Spark Newswire

1 minute read

Earnings

Coherent: Q2 Earnings Insights

Today, 5:39 AM

Coherent (NASDAQ:COHR) reported its Q2 earnings results on Wednesday, May 11, 2022 at 04:09 PM. Here's what investors need to know about the announcement. Earnings Coherent missed estimated earnings by 25.44%, reporting an EPS of $1.7 versus an estimate of $2.28.

COHR

1 minute read

Coherent Q2 Adj. EPS $1.70 Up From $1.42 YoY, Sales $370.20M Down From $374.00M YoY

By Benzinga Newsdesk

Today, 5:39 AM

Coherent (NASDAQ:COHR) reported quarterly earnings of $1.70 per share. This is a 19.72 percent increase over earnings of $1.42 per share from the same period last year. The company reported $370.20 million in sales this

COHR

7 minute read

Merger Arbitrage Mondays – Google (GOOG) Acquires Cybersecurity Firm Mandiant (MNDT)

By Asif Suria

Today, 5:39 AM

Merger activity declined last week with three new deals announced and five deals completed. Two of the three new deals announced were potential deals in the works. I was surprised to see that four SPAC combinations were terminated. Clearly the SPAC bubble continues to deflate due to unfavorable market conditions.

CANO

1 minute read

II-VI Shares Gain Steam As Raymond James Upgrades Stock

By Anusuya Lahiri

Today, 5:39 AM

Raymond James analyst Simon Leopold upgraded II-VI Inc (NASDAQ: IIVI) to Outperform from Market Perform with a price target of $77. The price target implies a 12.7% upside.

COHR

1 minute read

II-VI Reports Mixed Q1 Results, Sees Q2 Revenue Below Consensus

By Anusuya Lahiri

Today, 5:39 AM

II-VI Inc (NASDAQ:IIVI) reported first-quarter FY22 revenue growth of 9% year-on-year to $795.1 million, missing the consensus of $808.6 million. Segments: Photonic…

COHR

1 minute read

How Analysts View II-VI’s Acquisition Of Coherent?

By Anusuya Lahiri

Today, 5:39 AM

Barclays analyst Tom O'Malley downgraded II-VI Inc (NASDAQ: IIVI) to Underweight from Equal Weight with a price target of $56, down from $65.

COHR

1 minute read

Stifel Reinstates Hold on Coherent, Announces $270 Price Target

By Benzinga Newsdesk

Today, 5:39 AM

Stifel analyst Patrick Ho reinstates Coherent (NASDAQ:COHR) with a Hold and announces $270 price target.

COHR

1 minute read

Susquehanna Downgrades Coherent to Neutral, Raises Price Target to $273

By Benzinga Newsdesk

Today, 5:39 AM

Susquehanna analyst Mehdi Hosseini downgrades Coherent (NASDAQ:COHR) from Positive to Neutral and raises the price target from $160 to $273.

COHR

1 minute read

II-VI Stock Falls After Q4 Results, Notes Gross Margin Pressure

By Anusuya Lahiri

Today, 5:39 AM

II-VI Inc (NASDAQ:IIVI) reported fourth-quarter FY21 revenue growth of 8.3% year-on-year to $808 million, beating the analyst consensus of $783.33 million.…

COHR

2 minute read

News

II-VI Incorporated and Coherent, Inc. Announce Respective Shareholder and Stockholder Approvals for Merger Agreement

By Benzinga Newsdesk

Today, 5:39 AM

II‐VI Incorporated (NASDAQ:IIVI) and Coherent, Inc. (NASDAQ:COHR) today announced that II-VI’s shareholders and Coherent’s stockholders have each voted overwhelmingly to adopt and approve, as applicable, all

COHR