Coherent Corp. (COHR)

COHR's price dropped roughly a quarter in a single week, its sharpest slide in recent memory.

What is going on right now?

Reports that big tech companies might slow their spending on artificial intelligence rattled the whole sector, and COHR, which makes laser and networking parts for data centers, felt it sharply.

How is the business itself doing?

Its sales grew about 34% over the past year, and it keeps about 11 cents of profit for every dollar it brings in. It carries modest debt, about a third of what it owns, but it spent more cash than it earned recently.

What stands out?

Its price tends to swing roughly twice as much as the broader market on any given day. That amplifies moves in both directions.

What comes next?

COHR's next earnings report is scheduled for November 4, 2026, the first chance to see whether data center orders held up.