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June 5, 2014
07:09 EDTKTWOK2M Group revenue guidance looks conservative, says Wells Fargo
Wells Fargo believes that K2M reported strong Q1 results, and the firm thinks the company's full-year revenue guidance appears conservative. Wells keeps an Outperform rating on the stock.
News For KTWO From The Last 14 Days
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October 9, 2015
11:25 EDTKTWOSpinal device makers slump after LDR revenue warning
Shares of LDR Holding (LDRH) plunged in morning trading after the medical device company reported lower than expected preliminary revenue for the third quarter. Notably, however, LDR reaffirmed its anticipated revenue growth for fiscal 2015. WHAT'S NEW: After the market close yesterday, LDR said it expects to report Q3 revenue of roughly $39.3M, which would fall short of the consensus estimate of $40.2M. The company also backed its expected revenue growth guidance for FY15 of 19%-20%, implying revenues of $168.1M-$169.5M, excluding the impact of foreign exchange, which the company sees having a negative impact of 4%-5%. Analysts currently expect FY15 revenue of $164.3M. LDR Holding is scheduled to report complete Q3 earnings after the market close on Wednesday, November 4. WHAT'S NOTABLE: Christophe Lavigne, president and chief executive officer of LDR, said that seasonality was "more pronounced" in Q3 than in the prior year, and that any seasonality impact in 3Q14 was "muted" since it was the first full year of the company's commercial launch of Mobi-C in the U.S. STREET RESEARCH: Commenting on the company's preliminary Q3 revenue report, Northland analyst Mark Landy said that LDR is not a proxy for the broader spine market and that the "vast majority" of the firm's revenues are from niche products. The analyst said that LDR's news should not be extrapolated to rivals NuVasive (NUVA) and K2M Group (KTWO). Landy added that analyst expectations for Mobi-C growth in 2015 might have been "a touch" optimistic amid a slower than expected broadening of reimbursement for two-level use. The analyst maintained an Outperform rating and a $38 price target on LDR stock. Piper Jaffray analyst Matt O'Brien kept an Overweight rating but decreased the price target for LDR's shares to $37.50 from $45, adding that his checks indicate increased interest in and adoption of Mobi-C and that he continues to be optimistic in the company's growth prospects. RBC Capital analyst Brandon Henry maintained an Outperform rating on LDR's stock, yet lowered the price target to $33 from $50, citing recent market volatility and his firm's own reduced revenue expectations. The analyst said he remains positive in the Mobi-C technology as well as the multi-year growth opportunity in the U.S. cervical artificial disk market. Cowen analyst Joshua Jennings said that LDR's weaker than expected third quarter revenue indicate a "small bump in the road" and will ultimately provide a buying opportunity in the company's shares. The analyst said that more pronounced seasonality had a negative impact on the revenue miss as well as tough comps, but LDR's fundamentals remain intact as the Mobi-C opportunity is in the "very early innings." Jennings affirmed an Outperform rating and a $55 price target on LDR Holding shares. PRICE ACTION: In morning trading, LDR Holding shares dropped 24.7% to $27.27, NuVasive fell 1.2% and K2M Group slumped 6.8% to $17.78.
06:53 EDTKTWOLDR Holding not a proxy for broader spine market, says Northland
After the company preannounced Q3 revenue that came in slightly below the consensus, Northland analyst Mark Landy says LDR Holding (LDRH) is a not a proxy for the broader spine market. The vast majority of LDR's sales are from niche products, Landy tells investors in a research note. As such, he believes last night's news should not be extrapolated to NuVasive (NUVA) and K2M Group (KTWO). He thinks the consensus estimates for LDR's MOBI-C growth in 2015 may have been a "touch optimistic" given a slower than expected broadening of reimbursement for two-level use. He keeps an Outperform rating on LDR Holding with a $38 price target.
October 7, 2015
11:32 EDTKTWOLeerink medical supplies/devices analyst holds analyst/industry conference call
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September 30, 2015
08:10 EDTKTWOK2M Group announces U.S. launch of Everest Deformity Spinal System
K2M Group announced the U.S. commercial launch of the Everest Deformity Spinal System at the Scoliosis Research Society 50th Annual Meeting in Minneapolis, Minnesota. Everest Deformity is an expansion of the Everest family of products, which includes the Everest Degenerative and Everest Minimally Invasive Spinal Systems. The Everest Deformity Spinal System includes state-of-the-art implant technology with several enhancing attributes to facilitate more efficient intraoperative use of the system. Everest Deformity features a top-loading pedicle screw in a variety of screw types and offers the ability to accommodate titanium and cobalt chrome rods in two different diameters. The Basecamp Deformity Rod Reducer, the system's efficient and versatile instrumentation, provides surgeons with multiple options during surgery in one system to help address the most difficult correction maneuvers for complex spinal pathologies.

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