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NUVA 4Q Upside Encouraging But Visibility Remains Poor, J.P. Morgan Reports
Thursday, February 24, 2011 - 9:04am | 177NuVasive, Inc. (NASDAQ: NUVA) reported full 4Q results Wednesday after the close that were roughly in line with the company's earlier preannouncement, “with revenues of $129.3M (+20.9%) coming in $6.0M above our estimate,” J.P. Morgan reports. “On the bottom line, adjusted EPS of $0.46 was $0.04...
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Jefferies Raises PT On Volcano Corporation To $29
Thursday, February 24, 2011 - 8:35am | 27Jefferies & Company has raised the price target on Volcano Corporation (NASDAQ: VOLC) from $25 to $29 and maintains its Hold rating.
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Piper Jaffray Raises PT On NuVasive To $39
Thursday, February 24, 2011 - 8:13am | 26Piper Jaffray has raised the price target on NuVasive (NASDAQ: NUVA) from $38 to $39 and maintains its Overweight rating.
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Integra LifeSciences Reports Better-Than-Expected Q4 Earnings
Thursday, February 24, 2011 - 7:52am | 58Integra LifeSciences Holdings Corp (NASDAQ: IART) reports its Q4 adjusted EPS at $0.80, versus the consensus of $0.73. IART reports its Q4 revenue at $194.1 million, versus the consensus of $193.12 million. IART shares fell 3.18% to close at $49.88 yesterday. Read more from Benzinga's Company news.
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Mad Money Lightning Round: Cramer Likes Potash (JBL, AKAM, ISRG, POT, CHBT, BIDU, CRUS, CF, AGU)
Thursday, February 24, 2011 - 3:46am | 272On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Jabil Circuit (NYSE: JBL) is “steady and goes great.” He added, “I am not happy with Akamai Technologies (NASDAQ: AKAM). That was a bad conference call." Cramer said that Intuitive Surgical (NASDAQ: ISRG) is a “high-multiple...
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Enter Today's Date into Your Trading Diary 02-23-2011
Wednesday, February 23, 2011 - 8:00pm | 897Cusick's Corner What a day -- the market at the Midday did test the 1300 level in the Futures & Cash (ESH11 & SPX) but then bounced. Holding the lower channel into the After Hours of this 3 month rally was important, it has not shifted the short-term trade of short risk assets and long...
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NuVasive Reports Q4 EPS of $0.46 vs. $0.42; Revenue $129.3MM vs. $125.64M
Wednesday, February 23, 2011 - 5:53pm | 47NuVasive, Inc. (NASDAQ: NUVA) Fourth quarter 2010 total revenue of $129.3 million; up 20.9% from fourth quarter 2009 and up 7.5% from third quarter 2010 Non-GAAP earnings of $19.3 million, or $0.46 per share, for the fourth quarter 2010 and $63.0 million, or $1.52 per share, for the full year 2010
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Hansen Medical Reports Fourth Quarter and Full Year 2010 Results; 4Q Revenue Of $3.5 Million
Wednesday, February 23, 2011 - 5:29pm | 49Hansen Medical, Inc. (NASDAQ: HNSN) today reported business highlights and financial results for the fourth quarter and full year ended December 31, 2010. Total revenue for the fourth quarter ended December 31, 2010 was $3.5 million compared to revenue of $7.2 million in the same period in 2009.
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Oppenheimer Adjusts FRX Estimates Following CLDA Acquisition Announcement
Wednesday, February 23, 2011 - 9:52am | 191On 2/22, Forest Laboratories, Inc. (NYSE: FRX) announced an agreement to acquire Clinical Data, Inc. (NASDAQ: CLDA) with the transaction expected complete ~2Q11. “FRX will pay $30.00/sh plus up to $6.00/sh related to Viibryd commercial milestones,” Oppenheimer writes. “At ~2.0x our Viibryd peak...
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UPDATE: Jefferies Raises PT on Medtronic to $43 (MDT)
Wednesday, February 23, 2011 - 9:44am | 99Jefferies is out with its report today on Medtronic (NYSE: MDT), raising its price target from $36 to $43. In a note to clients, Jefferies writes, "Our $43 one-year price target (up from $36) is based on 11x our CY2012 earnings forecast. This is in-line with where the shares currently trade on a...
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Benzinga's Top Upgrades (PNW, APD, SYK, ZION)
Wednesday, February 23, 2011 - 9:25am | 133Pinnacle West Capital Corporation (NYSE: PNW) was upgraded by Goldman from "neutral" to "buy." PNW's shares closed at $41.39 yesterday. PNW's trailing-twelve-month operating margin is 20.27%. Citigroup upgraded Air Products and Chemicals Inc (NYSE: APD) from "hold" to "buy.” APD's shares closed at...
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Synovis Life Technologies Reports Q1 EPS of $0.14 vs. $0.10
Wednesday, February 23, 2011 - 9:06am | 89Synovis Life Technologies, Inc. (Nasdaq: SYNO), today reported its financial results for the fiscal 2011 first quarter ended Jan. 31, 2011. For the quarter, net revenue rose to $19.5 million, a 28 percent increase over $15.2 million in the year-ago period. Net income for the fiscal 2011 first...
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Jefferies Raises PT On Medtronic To $43
Wednesday, February 23, 2011 - 8:40am | 26Jefferies & Company has raised the price target on Medtronic (NYSE: MDT) from $36 to $43 and maintains its Hold rating.
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J.P. Morgan: MDT Fiscal 3Q11 Mostly In-Line
Wednesday, February 23, 2011 - 8:39am | 122Medtronic (NYSE: MDT) reported a mixed fiscal 3Q11 Tuesday morning, with revenues coming in mostly in-line “but quality down the income statement very light, in our view,” J.P. Morgan reports. “Specifically, the company's operating margin of 30.9% missed our projection by 180bps and pre-tax income...
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Stocks on the Move (TGB),(ELOS),(CPD),(GLUU)
Tuesday, February 22, 2011 - 3:54pm | 36Stocks on the Move (TGB),(ELOS),(CPD),(GLUU)...