Coherent, Inc. (COHR)
Technology · Hardware, Equipment & Parts · Data as of 2026-10-22
Bottom line
COHR is trading near its usual valuation, in the middle of its recent price range, and recent volume suggests money flowing out. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Cheap-looking, with quality flags (Yellow)
For a fast-growing company like COHR (revenue is growing about 23% a year), we weigh next year's expected P/E of 22× against the 50% earnings growth analysts expect, counting at most 30% a year because growth that fast rarely lasts (a forward PEG of 0.73, 13 estimates). Historically, paying less than 1× growth has been the cheaper side.
Quality check: the business reported positive earnings but negative free cash flow over the last year — a gap that often traces to working capital absorbing cash.
Price zones — In the middle of its recent range (Yellow)
At $207.82, the stock sits between its recent support and resistance levels. Over the past year COHR has traded between $112.96 and $440.00; its historical support zone sits near $112.96 and resistance near $290.26. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $112.96–$440.00 · 50-day average $290.26 · 200-day average $295.26
Money flow — Money is flowing out (Red)
Recent trading in COHR shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.8× volume on down days over the last 30 sessions.
Dividends & company facts
COHR doesn't pay a dividend, and it issued more shares than it bought back in fiscal 2026. Its share count rose 30.0% over the past year and 74.0% over five.
- Shares, past year
- +30.0%
- Revenue, 12 months
- $7.1B
- Profit, 12 months
- $805M
- Employees
- 51,478
- CEO
- James Robert Anderson
- Headquarters
- Saxonburg, PA
- Listed since
- 1987 · NYSE
About the company
Coherent, Inc. specializes in advanced laser technologies, offering a comprehensive suite of products that includes lasers, laser-based solutions, and complete systems. These are deployed across a spectrum of uses, from commercial and industrial operations to critical scientific research.
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一句话结论
COHR 估值接近其惯常水平，处于近期价格区间的中部，近期成交量显示资金正在流出。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 看似便宜，但有质量警示
对 COHR 这样的高增长公司（营收年增长约 23%），我们把它明年的预期市盈率 22× 与分析师预计的 50% 盈利增速放在一起看，但增速最多按每年 30% 计算，因为这么快的增长很少能持续（前瞻 PEG 为 0.73，来自 13 份预测）。从历史来看，付出低于 1 倍增长的价格属于较便宜的一侧。
质量核对：过去一年公司报告了正的利润，但自由现金流为负——这样的差距常常源于营运资金占用了现金。
价格区间 — 处于近期区间的中部
目前价格为 $207.82，位于其近期的支撑位与阻力位之间。过去一年 COHR 的价格在 $112.96 到 $440.00 之间波动；其历史支撑区在 $112.96 附近，阻力区在 $290.26 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
COHR 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.8×。
股息与公司概况
COHR 不派发股息，并且在 2026 财年发行的股票多于回购的股票。其股数过去一年增加了 30.0%，五年增加了 74.0%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.