Illumina Reports Financial Results for Fourth Quarter and Fiscal Year 2015
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UPDATE: Canaccord Genuity Downgrades Illumina (ILMN) to Hold
February 4, 2016 6:47 AM EST(Updated - February 4, 2016 12:58 PM EST)
Canaccord Genuity downgraded Illumina (NASDAQ: ILMN) from Buy to Hold with a price target of $160.00 (from $205.00). The change follows the release of Q4 results. Analyst Mark Massaro said he sees moderating upside.
"ILMN's Q4 call provided just... More
Illumina (ILMN) Has Multiple Upgrade Opportunities, Maintain Overweight - Piper Jaffray
February 3, 2016 9:03 AM ESTIllumina (NASDAQ: ILMN) announced 4Q15 results with revenue increasing 15.5% to $592M, ~in line with preliminary results (~$590M) and EPS of $0.81 (Street: $0.82), with sequencing consumables and desktop systems driving the results. Piper Jaffray analyst William Quirk trimmed the PT to $215 to account for lower estimates following the results.
Management reiterated F2016 revenue guidance of 16% (17% in constant currency (CC)) yoy growth to ~$2,573M and EPS of... More
