| Coherent's NYSE-listed stock price currently stands close to a long-term high, valuing the diversified materials and photonics company with a market capitalization in the region of $11.5 billion. New CEO Jim Anderson, who is most recently credited with a successful turnaround at Lattice Semiconductors, is now looking to streamline Coherent's operations and improve pricing strategies in a bid to increase the firm's profit margins. Divestment or shutdown of underperforming units is also on the agenda, with the company facing annual interest repayments in the region of $300 million on its $5 billion debts that were taken on to expand through major acquisitions. Image: Yahoo! Finance. |
