Illumina (ILMN) Prelim. Q3 Revenue Misses Views; Offers Light Q4 Outlook
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Canaccord Genuity Cuts Price Target on Illumina (ILMN) to $135 Following Weak 3Q Preannouncement
October 11, 2016 9:53 AM EDTCanaccord Genuity maintained a Hold rating on Illumina (NASDAQ: ILMN), and cut the price target to $135.00 (from $165.00), following the company's 3Q preannouncement. After the close, ILMN preannounced revenues of ~$607M, ~$21M below the Street's $628M and the $625-630M guide. ILMN did not report adjusted EPS but the revenue shortfall implies EPS of $0.87, below the Street's $0.91 estimate.
Analyst Mark... More
Janney Montgomery Scott Downgrades Illumina (ILMN) to Sell
October 11, 2016 9:21 AM EDTJanney Montgomery Scott downgraded Illumina (NASDAQ: ILMN) from Neutral to Sell with a price target of $125.00.
For an analyst ratings summary and ratings history on Illumina click here. For more ratings news on Illumina click here.
Shares of Illumina closed at $184.85 yesterday.
... MoreCiti Downgrades Illumina (ILMN) to Neutral
October 11, 2016 7:47 AM EDTCiti downgraded Illumina (NASDAQ: ILMN) from Buy to Neutral.
For an analyst ratings summary and ratings history on Illumina click here. For more ratings news on Illumina click here.
Shares of Illumina closed at $184.85 yesterday.
... MoreIllumina (ILMN) Sinks as Trading Resumes
October 10, 2016 4:36 PM EDTIllumina (NASDAQ: ILMN) sinks 26% as trading resume following a lower outlook.
... MoreIllumina (ILMN) will resume trading at 4:35pm ET
October 10, 2016 4:10 PM EDTIllumina (NASDAQ: ILMN) will resume trading at 4:35pm EDT.
... MoreThermo Fisher (TMO), Pacific Bio (PACB) on Watch Following Revenue Warning from Illumina (ILMN)
October 10, 2016 4:09 PM EDTThermo Fisher (NYSE: TMO), Pacific Bio (Nasdaq: PACB) on Watch Following Revenue Warning from Illumina (Nasdaq: ILMN)
... MoreIllumina (ILMN) trading halted with news pending
October 10, 2016 4:01 PM EDTIllumina (NASDAQ: ILMN) trading halted with news pending.
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