Networking stocks with exposure to the Chinese market took a beating in January as the coronavirus emerged.
News & Analysis: Coherent
A bullish analyst note pointed to better days ahead for this maker of industrial lasers and related products.
The industrial laser manufacturer looks forward to a surge in Chinese orders -- when the political climate is right.
Despite last month's big selloffs and uncertainty tied to China, Coherent stock is still up roughly 15% year to date.
Coherent shareholders felt the impact of trade tensions between the U.S. and China last year.
The laser manufacturer saw some recovery last month, but shares are down roughly 58% year to date after giving up those gains in December.
Coherent stock hit a 52-week low last month as trade concerns weighed on the business' outlook.
Despite big gains in August, the laser technology company's stock is down roughly 37% year to date.
An earnings beat failed to allay concerns about falling margins ahead.
Fiscal third-quarter earnings may not have met the lofty expectations that were already priced in.
Coherent is profiting mightily from its Rofin-Sinar acquisition.