Coherent’s Revenue Forecast Tops Its Five-Year Growth Pace

Coherent’s revenue grew at an annualized 18% over the past five years, and sell-side analysts expect it to rise 49.4% over the next 12 months. StockStory cited those figures and earnings growth as reasons for its bullish view of the company.

The publisher also noted that Coherent shares gained 396% from September 2021, compared with a 78.4% rise for the S&P 500. Over the six months covered in its review, the stock advanced 33.9%.

Coherent’s earnings per share grew at a compounded annual rate of 8.6% over the past five years, according to StockStory. The company develops and manufactures advanced materials, lasers and optical components for uses including telecommunications and industrial manufacturing.

As of 14:01 UTC on Sept. 30, Coherent shares traded at $286.63, down 1.91% from the previous close. StockStory’s review cited a price of $294.15, reflecting the share price when that article was written.