Saxonburg, Pennsylvania-based Coherent Corp. (COHR) develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for use in the industrial, communications, electronics, and instrumentation markets. It is valued at a market cap of $74.8 billion.
This tech company has notably outperformed the broader market over the past 52 weeks. Shares of COHR have soared 361.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 25.2%. Moreover, on a YTD basis, the stock is up 96.6%, compared to SPX’s 8.1% rise.
