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20% correction? Coherent stock vs IPG and Nasdaq index (click to enlarge)
Even after the 20% slump in its stock price in the wake of the latest earnings call is taken into account, Coherent has still doubled in value over the past 12 months. Its rise is charted here (in blue) against rival laser company IPG Photonics (in yellow), with both companies easily outstripping the Nasdaq indiex (shown in red). Data: nasdaq.com.
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