QRVO - Coherent Stock: New CEO Likely To Supercharge AI Prospects
2024-06-05 12:08:56 ET
Summary
- Coherent appointed Jim Anderson as new CEO, expecting him to maximize growth potential from AI-related datacom portfolio.
- Coherent's 800G datacom transceivers drove strong revenue growth, with expectations of over $250 million in Q4, thanks to AI tailwinds.
- Investors should consider COHR stock as the AI hardware investment cycle rises and expect 800G sales to grow by over 20%.
In the last year, the volatility in Coherent Corp. ( COHR ) continued earlier this week when the company named Jim Anderson as its new CEO . Nearly a year ago, investors had no reason to follow the monster rally at $54.87. Back then, the stock soared in the absence of news....
Coherent Stock: New CEO Likely To Supercharge AI Prospects