Coherent director Patrick Elizabeth sells shares worth $579,910

Patrick Elizabeth, a director at Coherent Corp. (NASDAQ:NYSE:), recently sold shares of the company in a pair of transactions. On November 13, Elizabeth sold a total of 5,542 shares, with prices ranging from $104.00 to $105.00 per share. The total value of these transactions amounted to $579,910. Following these sales, Elizabeth now holds 2,831 shares of Coherent Corp. stock.

In other recent news, Coherent Corp. disclosed its fiscal year 2025 first quarter earnings results and provided a forecast for the second quarter. The earnings call, led by CEO Jim Anderson and CFO Sherri Luther, offered a detailed review of the company's Q1 financial performance. While no specific financial misses were mentioned during the call, the company did acknowledge risks that could potentially cause actual results to differ from projections.

Coherent Corp. also shared forward-looking statements suggesting a positive outlook for the future, while reminding listeners of the inherent uncertainties associated with such predictions. The earnings call included a Q&A session, although specific questions and answers were not provided in this summary.

These are recent developments at Coherent Corp. The company's leadership emphasized transparency in their communications with investors, and encouraged interested parties to consult the earnings press release for additional details. They also advised considering the risk factors outlined in Coherent's SEC filings when evaluating the company's projections.

InvestingPro Insights

The recent insider sale by Patrick Elizabeth comes at a time when Coherent Corp. (NASDAQ:COHR) has been experiencing significant stock price volatility and strong returns. According to InvestingPro data, the company's stock has shown a remarkable 189.9% price total return over the past year, with an even more impressive 135.95% return year-to-date. This performance aligns with an InvestingPro Tip indicating that COHR has delivered a high return over the last year.

Despite the strong stock performance, it's worth noting that Coherent Corp. is currently trading at high EBIT and EBITDA valuation multiples, as highlighted by InvestingPro Tips. This suggests that investors are pricing in substantial growth expectations for the company. The stock's current price of $102.71 is 90.87% of its 52-week high, reflecting the recent upward momentum.

Interestingly, while the company has not been profitable over the last twelve months, analysts predict that Coherent Corp. will turn profitable this year. This optimism is further supported by the fact that six analysts have revised their earnings upwards for the upcoming period, according to InvestingPro Tips.

For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for Coherent Corp., providing a deeper understanding of the company's financial health and market position.

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