Coherent
COHRMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -24%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$305
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- April 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 6 months
- How long Benson has been tracking this pick.
About Coherent
Coherent makes the lasers and optical parts that let AI data centers move information as beams of light instead of electricity. Inside those buildings, thousands of chips need to talk to each other at incredible speed, and copper wires simply can't keep up. Coherent also sells to telecom networks and factories, but AI data centers are now the engine driving the whole business.
The case for and against
Both sides of the story, in plain English.
- Profit Liftoff
Coherent's latest quarter brought in 2.05 billion dollars, up 34% from a year ago, or 42% if you leave out businesses it has sold. The same quarter last year lost 96 million dollars, and this time it earned 241 million. For the full year, sales hit a record 7.12 billion dollars and profit jumped from 49 million to 805 million.
- Still Speeding Up
Management expects the following quarter to bring in between 2.2 and 2.4 billion dollars, another step up from the 2.05 billion just reported. Coherent is also keeping more of every sale, about 38.5 cents after production costs compared with 35.7 cents a year ago. As AI data centers swap copper wiring for light, the CEO says customer demand is exceptional and several new product lines are just starting to take off.
- Priced for Perfection
Investors value Coherent at roughly 38 billion dollars, close to 48 times the 805 million dollars it earned last year. That means a lot of future growth is already baked into the price. The stock also moves more than twice as hard as the overall market, so one disappointing quarter could hit it hard.
- Few Giant Customers
Much of Coherent's growth is tied to a handful of huge tech companies racing to build AI data centers. The company is pouring money into new factories to keep up, so if those buyers slow down, it could be stuck with costly empty capacity. Even after a big year, Coherent keeps only about 11 cents of profit from each dollar of sales, which leaves little cushion if things turn.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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