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Calling the pending Coherent (COHR) acquisition "a lot more dilutive than advertised," Barclays analyst Tom O’Malley downgrades II-VI (IIVI) from Overweight to Equal-Weight and lowers the price target from $105 to $65.Coherent originally signed a merger agreement with Lumentum (LI...
II-VI announced strong earnings in its recent call, but a softer than needed guidance caused the stock to drop. In the VCSEL laser market, II-VI's $410 million award from Apple follows a $390 million award to Finisar, which II-VI acquired. I estimate II-VI sold $90 million worth o...
SPAC Business Combination announcements double compared to the previous week. Potential Deal in the Works Domtar Corporation (UFS) agrees to be acquired by Paper Excellence for $3.02 billion. Chevron Corporation (CVX) closes the acquisition of Noble Midstream Partners (NBLX). ...
PITTSBURGH, May 14, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference: 16 th Annual Needham Virtua...
Coherent (COHR) reports fiscal Q2 beats with revenue up 28% on the year to $374M and EPS of $1.42, beating estimates by $0.28. The company is awaiting the close of its acquisition by II-VI (IIVI).Q2 included a $158.2M GAAP net loss, which includes $179.2M (net of tax) in M&A ...
Form S-4 in Connection with Pending Acquisition Has Been Filed and Declared Effective by SEC Special Meetings Set for June 24, 2021 for II-VI Shareholders and Coherent Stockholders to Vote on Transaction Confirmed Expiration of Waiting Period Under Hart-Scott-Rodin...
PITTSBURGH, May 11, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will present a special webcast for investors on Thursday, May 20, 2021, from 10:00 a.m. to 12:00 p.m. ET. T...
The Philadelphia Semiconductor Index is down 3% versus the 1.3% decline for the broader tech sector (XLK) with Qorvo ([[QRVO]] -7.8%) leading the laggards.Apple suppliers are dropping after noted analyst Ming-Chi Kuo predicted the tech giant would debut an in-house 5G modem by ...
Northland Securities upgrades II-VI (IIVI) to Outperform with a $70 price target.Analyst Tim Savageaux says the stock's pullback and strong FQ3 earnings results discount concerns about the acquisition price for Coherent.The analyst also notes II-VI's "strong execution track record"&...
Image source: The Motley Fool. II-VI (NASDAQ: IIVI) Q3 2021 Earnings Call May 06, 2021 , 9:00 a.m. ET Operator Continue reading For further details see: II-VI (IIVI) Q3 2021 Earnings Call Transcript
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PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2024, in a press release posted on Coherentȁ...
PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representative...
PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the sc...