Needham & Company Raises Price Target to $70 on Cepheid (CPHD) Following 2Q15
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Cepheid Reports 2015 Second Quarter Results
July 23, 2015 4:03 PM EDT
SUNNYVALE, Calif., July 23, 2015 /PRNewswire/ -- Cepheid (Nasdaq: CPHD) today reported revenue for the second quarter of 2015 of $132.5 million, representing growth of 14% from $116.5 million for the second quarter of 2014. Net loss was $(16.7) million, or $(0.23) per share, which compares to net loss of $(9.8) million, or $(0.14) per share, in the second quarter of 2014.Â
Excluding stock-based compensation expense, amortization of debt discount and transaction costs, and amortization of purchased intangible assets, non-GAAP net loss for the second quarter of 2015 was $(4.5) million, or $(0.06) per share. This compares to non-GAAP net income of $2.3 million, or $0.03... More
