Analyst Calls Cepheid (CPHD) Q1 Beat 'Low Quality'
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Price: $52.95 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
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Today's Overall Ratings:
Up: 6 | Down: 10 | New: 14
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 14
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On Thursday afternoon Cepheid, Inc. (NASDAQ: CPHD) reported Q1 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $91.9 million versus the consensus estimate of $89.12 million.
Commenting on the news, analyst Ross Muken of ISI called the beat "low quality" and pointed out weakness in core system sales.
ISI Group has a Cautious rating on Cepheid with a price target of $32.50.
For an analyst ratings summary and ratings history on Cepheid (NASDAQ: CPHD) click here. For more ratings news on Cepheid click here.
Shares of Cepheid closed at $37.18 yesterday.
Commenting on the news, analyst Ross Muken of ISI called the beat "low quality" and pointed out weakness in core system sales.
ISI Group has a Cautious rating on Cepheid with a price target of $32.50.
For an analyst ratings summary and ratings history on Cepheid (NASDAQ: CPHD) click here. For more ratings news on Cepheid click here.
Shares of Cepheid closed at $37.18 yesterday.
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