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Lumentum Holdings Inc. is in advanced talks to buy laser maker Coherent Inc., according to people familiar with the matter, in a deal that would combine two companies whose products are used in everything from laser eye surgery to semiconductor manufacturing. ....
Share this article Share this article SANTA CLARA, Calif., Jan. 19, 2021 /PRNewswire/ Coherent, Inc. (NASDAQ, COHR), one of the world s leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced preliminary financial results for its first fiscal quarter ended January 2, 2021. Preliminary Results for the Fiscal First Quarter 2021 Revenue in the range of $325 - $327 million GAAP gross profit in the range of $119.0M to $120.5M GAAP operating income in the range of $16.4M to $17.6M Non-GAAP gross profit in the range of $128.1M to $130.0M Non-GAAP operating income in the range of $36.1M to $37.9M ....
Lumentum And Coherent To Combine, Uniting Global Industry Leaders To Accelerate The Future Of Photonics Lumentum to acquire Coherent in a $5.7 billion cash and stock transaction Brings together highly complementary, best-in-class portfolios and teams to accelerate photonic innovation, and significantly expands Lumentum s penetration of the more than $10 billion market for lasers and photonics outside of communications and 3D sensing Expected to deliver more than $150 million in annual run-rate synergies within 24 months of transaction close, and be accretive to non-GAAP earnings per share during the first full year after closing Lumentum and Coherent announce strong preliminary financial results ....