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Coherent (COHR) Shows Strength: Stock Adds 14.1% in Session

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Coherent, Inc. (COHR - Free Report) was a big mover last session, as its shares rose over 14% on the day. The move came after the company reported encouraging second-quarter fiscal 2017 results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 26% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Coherent currently carries a Zacks Rank #3 (Hold).

A better-ranked stock from the broader Computer- Technology space is Applied Optoelectronics, Inc. (AAOI - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
    
Is COHR going up? Or down? Predict to see what others think: Up or Down

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