Shares of Coherent Corp. (COHR) are climbing about 6 percent on Wednesday morning trading after the company announced that it will highlight the breadth and scalability of its Indium Phosphide innovations at OFC 2026.
The company's shares are currently trading at $260.86 on the New York Stock Exchange, up 6.10 percent. The stock opened at $251.94 and has climbed as high as $265.80 so far in today's session. Over the past year, it has traded in a range of $45.58 to $300.20.
The company added that the expansion of InP platform, from high-power lasers and advanced modulators to photodiodes and integrated subsystems, demonstrates its commitment to delivering the performance, scalability, and manufacturing depth required for AI-driven networks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.