Tactile Systems Technology, Inc. (TCMD) Tops Q2 EPS by 9c, Revenues Beat; Boosts FY18 Revenue Outlook
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Go back to Tactile Systems Technology, Inc. (TCMD) Tops Q2 EPS by 9c, Revenues Beat; Boosts FY18 Revenue Outlook
August 7, 2018 7:13 AM EDT
Guggenheim raised its price target on Tactile Systems Technology (NASDAQ: TCMD) to $70.00 (from $57.00) while maintaining a Buy rating following the company's 2Q earnings report. TCMD's 2Q18 sales of $34.1M came in $2.6M above consensus, driven by ongoing Flexitouch adoption. Gross margin of 71.8% was... More
August 6, 2018 4:03 PM EDT
Tactile Systems Technology, Inc. (Nasdaq: TCMD) today announced the appointment of Brent A. Moen to the position of Chief Financial Officer, effective September 2, 2018. Tactile Medicals current Chief Financial Officer, Lynn L. Blake, will resign from that role effective as of the close of business on September 1, 2018. Ms. Blakes resignation is for personal reasons and not due to any disagreement with the Company on any matter, including related to the Companys operations, policies, practices, financial reporting or controls. Ms. Blake will continue to advise the Company in a consulting role until March 2019... More
