Thread regarding Coherent (COHR)

Hold or sell?

Last week was pretty rough - the stock dropped nearly 20%! They actually reported solid earnings, with $1.00 EPS beating estimates and revenue hitting $1.53 billion, up 16% year-over-year. But then they announced the sale of their aerospace and defense business for $400 million to reduce debt. On top of that, their guidance for the next quarter came in weaker than expected. I understand the move to cut debt, but with the stock falling so much and the company shifting focus, I’m honestly unsure where this is headed. Should I hold on or think about selling?

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