Wedbush Cuts Price Target on Sequenom (SQNM) to $3.50 Ahead of 2Q15 Results
Get Alerts SQNM Hot Sheet
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
Wedbush maintained a Neutral rating on Sequenom (NASDAQ: SQNM), and cut the price target to $3.50 (from $4.50), ahead of 2Q15 earnings release. Analyst Zarak Khurshid expects SQNM to post sales of $38 MM and an EPS loss of ($0.06). SQNM is scheduled to release its 2Q15 results after the market close on Wednesday, August 5th.
Zarak commented, "Expecting a top-line beat. We think the pendulum has swung too far following the prior quarter’s disappointment and recent competitive noise, in our view. We expect SQNM to post sales of $38 MM and an EPS loss of ($0.06) when the company reports 2Q15 results after the market close on Wednesday, August 5th, 2015 (5:00 pm EDT conference call, dial-in 877-883-0383, passcode: 4868059 webcast: www.sequenom.com). Consensus EPS estimates are for revenue of $36 MM and a loss of ($0.05)."
For an analyst ratings summary and ratings history on Sequenom click here. For more ratings news on Sequenom click here.
Shares of Sequenom closed at $2.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hyundai Mobis Co Ltd. (012330:KS) PT Raised to KRW340,000 at HSBC
- Kimberly Clark (KMB) PT Raised to $146 at HSBC
- Hyundai Motor (005380:KS) (HYMTF) PT Raised to KRW290 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!