Canaccord Genuity Maintains a 'Hold' on Volcano Corp. (VOLC); Staying on Sidelines
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Price: $17.27 +1.59%
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade VOLC Now!
Canaccord Genuity maintains a 'Hold' on Volcano Corp. (NASDAQ: VOLC) price target of $28.00.
Analyst, Jason R. Mills, said, "VOLC missed consensus revenue estimates for the third straight quarter after >20 upside quarters since its IPO six years ago. VOLC also reduced its 2012 guidance owing to FX, Europe macro and Axsun Industrial sluggishness. Worldwide IVUS catheter growth was below expectations (+4% vs. 9%E), and management sees negative US PCI procedure trends continuing. Strong FM sales partially offset the IVUS miss, with growth up 38% vs. 34%E)."
"We lower our 2012E to $388M/$0.21 and 2013E to $443.5M/$0.45."
For an analyst ratings summary and ratings history on Volcano Corp. click here. For more ratings news on Volcano Corp. click here.
Shares of Volcano Corp. closed at $25.96 yesterday, with a 52 week range of $21.38-$31.36.
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Analyst, Jason R. Mills, said, "VOLC missed consensus revenue estimates for the third straight quarter after >20 upside quarters since its IPO six years ago. VOLC also reduced its 2012 guidance owing to FX, Europe macro and Axsun Industrial sluggishness. Worldwide IVUS catheter growth was below expectations (+4% vs. 9%E), and management sees negative US PCI procedure trends continuing. Strong FM sales partially offset the IVUS miss, with growth up 38% vs. 34%E)."
"We lower our 2012E to $388M/$0.21 and 2013E to $443.5M/$0.45."
For an analyst ratings summary and ratings history on Volcano Corp. click here. For more ratings news on Volcano Corp. click here.
Shares of Volcano Corp. closed at $25.96 yesterday, with a 52 week range of $21.38-$31.36.
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