Is Coherent (COHR) Fairly Valued?

Coherent (NYSE:COHR) reports its fiscal first-quarter results early next month, and it has already set a high bar. Management told investors to expect revenue between $2.2 billion and $2.4 billion, up from the $2.05 billion it reported last quarter. But the stock is priced as if that growth might not last. It trades at about […]