Coherent ($COHR) CEO Jim Anderson and board chair Enrico DiGirolamo purchased a combined $1.22 million of company stock on November 9–10, according to filings disclosed November 12. The purchases followed the photonics company’s November 4 earnings release, which reported 50% annual revenue growth.
- Anderson purchased 5,000 shares at $199.48 each, spending $997,400 and increasing his direct holdings to 190,287 shares.
- DiGirolamo purchased 1,000 shares at $222.885 each for $222,885, bringing his direct holdings to 11,644 shares, according to insider filings.
- Fiscal first-quarter revenue reached $2.37 billion. Adjusted earnings rose to $2.09 per share from $1.16 a year earlier.
- Coherent disclosed a PhotonLink agreement valued at approximately $20 billion over five years, with revenue expected to begin ramping in early 2028.
- Shares closed November 11 at $234.51, up 9.25% that day, before trading near $223 in November 12 premarket activity. The supplied chart showed shares remained roughly 25% lower over one month.
Relevant Companies
- Coherent ($COHR): CEO and board chair increased their holdings following quarterly results.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
