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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:57 EDTSYK, HART, ISRG, BVXIntuitive Surgical falls after guidance disappoints
Shares of Intuitive Surgical (ISRG), which makes and markets the da Vinci Surgical System, are falling after the company announced it would sell fewer systems in 2014 compared to the prior year. It also declined to provide revenue guidance for 2014. WHAT'S NEW: Last night, Intuitive Surgical reported Q4 EPS of $4.28 and revenue of $576.2M, both of which exceeded expectations of $3.83 and $558.46M, respectively. WHATíS NOTABLE: On the companyís Q4 earnings conference call, management said the company would likely sell fewer da Vinci systems in 2014 compared to 2013. It forecast 2014 procedures increasing 9%-12%, compared to a 16% increase in procedures for 2013. The company declined to provide revenue guidance for 2014, citing a lack of visibility. ANALYST REACTION: This morning, research firm Jefferies said the companyís outlook was conservative. Jefferies said that while Intuitive Surgical's lack of revenue and earnings guidance was indicative of near-term headwinds and uncertainties, its procedure guidance met expectations and was likely conservative. The firm said Intuitive's long-term growth prospects remained compelling, and it kept a Buy rating on the stock with a $480 price target. PRICE ACTION: In late morning trading, Intuitive Surgical fell $23.81, or about 5.4%, to $415.19 on heavy trading volume. The shares are down approximately 28% over the past twelve months. OTHERS TO WATCH: Intuitive Surgicalís competitors include Stryker (SYK), Bovie Medical (BVX), and Harvard Apparatus (HART).
News For ISRG;SYK;BVX;HART From The Last 14 Days
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April 21, 2015
16:09 EDTISRGIntuitive Surgical shipped 99 da Vinci Surgical Systems in Q1
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16:08 EDTISRGIntuitive Surgical Q1 worldwide da Vinci procedures grew nearly 13% YoY
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16:08 EDTISRGIntuitive Surgical reports Q1 EPS $3.57, consensus $3.87
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16:05 EDTSYKStryker revises FY15 adjusted EPS view to $4.95-$5.10 from $4.90-$5.10
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16:03 EDTSYKStryker reports Q1 adjusted EPS $1.11, consensus $1.08
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15:28 EDTISRG, SYKNotable companies reporting after market close
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14:10 EDTISRGIntuitive Surgical technical comments before results
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14:01 EDTISRGEarnings Watch: Intuitive Surgical to report Q1 earnings amid currency headwind
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10:01 EDTBVXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
07:28 EDTISRGIntuitive Surgical easy comps present near-term opportunity, says Canaccord
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06:02 EDTBVXBovie Medical initiated with an Outperform at JMP Securities
Target $5.
April 16, 2015
16:14 EDTHARTHarvard Apparatus CEO David Green resigns
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12:41 EDTISRGIntuitive Surgical volatility elevated into Q1 and outlook
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07:38 EDTISRGJefferies positive on Intuitive Surgical ahead of Q1 results
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April 15, 2015
11:13 EDTBVXBovie Medical files to sell 7.56M shares of common stock for holders
10:00 EDTBVXOn The Fly: Analyst Initiation Summary
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08:26 EDTBVXBovie Medical initiated with a Buy at Craig-Hallum
Target $4.50.
April 14, 2015
14:48 EDTSYKZimmer, Stryker have mixed read through from J&J results, says Wells Fargo
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April 13, 2015
10:15 EDTSYKHigh option volume stocks
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April 11, 2015
14:20 EDTISRGWilliam Blair diagnostic services analyst holds analyst/industry conference call
Analysts, along with Dr. Todd Cohen, provide an industry update on an Analyst/Industry conference call to be held on April 16 at 3 pm.
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