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We recently compiled a list of the 10 Stocks Trade Weaker on Disappointing News. In this article, we are going to take a look at where The Cooper Companies, Inc. (NASDAQ:COO) stands against the other stocks.
Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations.
The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.
Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A doctor wearing gloves and a mask holding a pair of contact lenses in their hand.
The Cooper Companies, Inc. (NASDAQ:COO)
The Cooper Companies, Inc.. (NASDAQ:COO) fell to an all-time low of $82.61 apiece on Friday as investors soured on its missed earnings expectations, albeit buying persisted throughout the end of the trading to end the day just down by 6.57 percent at $85.
The Cooper Companies, Inc. (NASDAQ:COO), a global medical device company that owns CooperVision and CooperSurgical, traded lower despite higher earnings performance in the first quarter of the fiscal year 2025.
According to the company, net income rose by 28 percent to $104.3 million from $81.2 million in the same period a year earlier, while net sales inched up by 3.5 percent to $964.7 million from $931.6 million year-on-year.
For the full year, The Cooper Companies, Inc. (NASDAQ:COO) expects total revenues to grow between 6 to 8 percent to a range of $4.08 billion to $4.158 billion.
“We started the year on a positive note, meeting our revenue expectations and exceeding our operational targets. Moving forward, we remain confident in our ability to deliver strong growth and operational excellence, and this is reflected in our guidance,” said The Cooper Companies, Inc. (NASDAQ:COO) President and CEO Al White.
Overall COO ranks 7th on our list of Friday's worst performers. While we acknowledge the potential of COO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COO but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.