Cyberonics and Sorin Provide Merger Update
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August 21, 2015 9:09 AM EDT
Canaccord Genuity reiterated a Hold rating on Cyberonics (NASDAQ: CYBX), and raised the price target to $67.00 (from $65.00), following the company's 1Q16 earnings results. Net sales of $81.0M beat Street's $76.78M estimates. Adjusted EPS of $0.72 came in above the Streets $0.62 projection.
Analyst Jason Mills commented, "Cyberonics reported solid FQ1/16 results that rebounded from several quarters of slowing growth as momentum returned to the U.S. business, driven by... More
August 20, 2015 11:44 AM EDT
BTIG affirms Cyberonics (Nasdaq: CYBX) with a Neutral rating following Q1 results and merger update.
Analyst Sean Lavin noted that Cyberonics expects to close its... More
August 20, 2015 7:01 AM EDT
Cyberonics (NASDAQ: CYBX) reported Q1 EPS of $0.72, $0.10 better than the analyst estimate of $0.62. Revenue for the quarter came in at $81 million versus the consensus estimate of $76.78 million.
For earnings history and earnings-related data on Cyberonics (CYBX) click here.
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