Canaccord Genuity Reiterates a 'Buy' on Cepheid (CPHD); Impressive Q4 and Guidance
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Price: $52.95 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Canaccord Genuity reiterates a 'Buy' on Cepheid (NASDAQ: CPHD) price target raised from $45 to $50.00.
Analyst, Jeffrey Frelick, said, "Showing no signs of economic fatigue: Record instrument placements (88 US, 87 OUS) displayed geographical balance as GeneXpert continues to consolidate competing platforms. Europe grew 30% in Q4, while HBDC added 181 systems...2012 outlook positive. Established strong revenue guidance of $333-347M (up 20-25%). GAAP EPS guided to $0.17-0.24 (non-GAAP $0.55-0.60) as R&D and G&A increase, as well as share count. Management usually guides conservatively."
For an analyst ratings summary and ratings history on Cepheid click here. For more ratings news on Cepheid click here.
Shares of Cepheid closed at $34.35 yesterday.
Analyst, Jeffrey Frelick, said, "Showing no signs of economic fatigue: Record instrument placements (88 US, 87 OUS) displayed geographical balance as GeneXpert continues to consolidate competing platforms. Europe grew 30% in Q4, while HBDC added 181 systems...2012 outlook positive. Established strong revenue guidance of $333-347M (up 20-25%). GAAP EPS guided to $0.17-0.24 (non-GAAP $0.55-0.60) as R&D and G&A increase, as well as share count. Management usually guides conservatively."
For an analyst ratings summary and ratings history on Cepheid click here. For more ratings news on Cepheid click here.
Shares of Cepheid closed at $34.35 yesterday.
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