Mizuho Securities Remains Sidelined on Illumina (ILMN) Following a Negative 1Q Pre-Announcement
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Go back to Mizuho Securities Remains Sidelined on Illumina (ILMN) Following a Negative 1Q Pre-Announcement
April 19, 2016 7:53 AM EDT
Piper Jaffray maintained an Overweight rating on Illumina (NASDAQ: ILMN), and cut the price target to $166.00 (from $204.00), after the company announced preliminary 1Q revenue. Piper is expecting revenue of ~ $572M, below the Street's $596.8M estimate. Management attributed the miss to a slowdown in... More
April 18, 2016 6:12 PM EDT
Today's After-Hours Stock Movers:
Applied Optoelectronics, Inc. (NASDAQ: AAOI) 20.9% LOWER; Total revenue in the first quarter 2016 is expected to be between $50.0 million and $50.5 million, within the company's guidance range of $50 million to $54 million. The company expects to report a GAAP net loss in the first quarter 2016 between $1.5 million and $1.8 million, or $0.09 and $0.11 per basic share. On a non-GAAP basis, the company expects a net loss between $0.7 million and $1.0 million, or $0.04 and $0.06 per basic share, using approximately 16.9 million shares. This is below the previous non-GAAP net income guidance range of... More
April 18, 2016 4:10 PM EDT
Illumina, Inc. (NASDAQ: ILMN) today announced estimated first quarter revenue of approximately $572 million, a 6% increase compared to $539 million in the first quarter of 2015 and 7% growth on a constant currency basis. This estimate, which is unaudited, is based on management's preliminary financial analysis. (****The consensus was... More
