Form 8-K OMNICELL, INC. For: Nov 02

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Go back to Form 8-K OMNICELL, INC. For: Nov 02

Benchmark Downgrades Omnicell (OMCL) to Hold

November 3, 2022 6:11 AM EDT

Benchmark analyst Bill Sutherland downgraded Omnicell (NASDAQ: OMCL) from Buy to Hold.

The analyst comments "Yesterday, OMCL shocked investors with downwardly revised 2022 expectations that included a 29% drop in 2022 product bookings and implied 4Q22 revenue and non-GAAP EBITDA declines of 7% and 76%, respectively. Nearly the entire problem relates to the XT automated dispensing cabinets (ADCs), which represent over half of total product bookings and, unlike the rest... More