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February 3, 2014
08:51 EDTSPNCSpectranetics downgraded at Northland Securities
As previously reported, Northland downgraded Spectranetics to Underperform from Market Perform. The firm downgraded shares due to high Street expectations and valuation. Price target is $20.
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July 24, 2015
09:31 EDTSPNCSpectranetics selloff on Q2 results warranted, says Northland
Northland views the post-earnings pullback in shares of Spectranetics as warranted and remains negative on the company's fundamentals. The lowered FY15 revenue "set off alarm bells" and the company's explanations for growth rates "provided a confusing picture," the firm tells investors in a research note.
08:57 EDTSPNCSpectranetics guidance is balance of downside/upside scenarios, says Canaccord
Canaccord believes Spectranetics' disappointing guidance will lead to a lower valuation for shares, but the firm sees it as a better balance of downside/upside scenarios. The firm said the company's best chance for redemption is better execution and does not believe its core business in VI and LM has vanished. Canaccord maintained its Buy rating but lowered its price target to $26.50 from $36 on Spectranetics shares.
06:59 EDTSPNCSpectranetics removed from Analyst Focus List at JPMorgan
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July 23, 2015
16:08 EDTSPNCSpectranetics sees FY15 EPS (96c)-($1.07), consensus ($1.05)
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16:06 EDTSPNCSpectranetics lowers FY15 revenue view to $240M-$250M from $258M
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16:05 EDTSPNCSpectranetics reports Q2 EPS (22c), consensus (31c)
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