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COHR Heading in the Right Direction
Shares of Coherent, Inc. (COHR - Snapshot Report) have moved higher since posting solid fiscal third quarter results, which included earnings of 35 cents per share. In addition, net sales rose 10% year over year.
Coherent, a developer and manufacturer of laser and optical systems and components, introduced one of the most potent lasers, which was commercially made available on Jul 30. Analysts have raised their estimates to $1.49 from $1.31 in the past couple of months. COHR is near its 52-week high of $38.50.
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| Market Summary | Nov 25, 2009 13:06 pm ET |
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