Cardiovascular Systems Inc (CSII) is Resumed by JMP Securities to Mkt Outperform

Cardiovascular Systems Inc (CSII) was Resumed by JMP Securities to “Mkt Outperform”. JMP Securities advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Cardiovascular Systems Inc. Cardiovascular Systems Inc was Upgraded by Leerink Partners to ” Outperform” on Aug 22, 2016. Company shares were Reiterated by Needham on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .Cardiovascular Systems Inc was Upgraded by BofA/Merrill to ” Neutral” on Aug 4, 2016.

On the company’s financial health, Cardiovascular Systems Inc reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.20. The company had revenue of $48.50 million for the quarter, compared to analysts expectations of $46.01 million. During the same quarter in the previous year, the company posted $-0.27 EPS.

Cardiovascular Systems Inc opened for trading at $24.42 and hit $24.57 on the upside on Friday, eventually ending the session at $24.455, with a gain of 1.43% or 0.345 points. The heightened volatility saw the trading volume jump to 3,76,103 shares. Company has a market cap of $815 M.

In a different news, on Sep 9, 2016, Paul A. Koehn (SVP Manufacturing & Operations) sold 5,969 shares at $25.02 per share price. According to the SEC, on Aug 24, 2016, Laura Gillund (Chief Talent Officer) sold 1,395 shares at $23.93 per share price. On Aug 24, 2016, Kevin J. Kenny (Chief Operating Officer) sold 3,166 shares at $23.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Cardiovascular Systems Inc. is a medical technology company. The Company is engaged in treating patients suffering from peripheral and coronary arterial diseases. It has developed an orbital atherectomy technology for peripheral and coronary commercial applications. Its peripheral arterial disease systems are catheter-based platforms that treat plaque types in leg arteries both above and below the knee. Its products include Stealth 360 degree Peripheral Orbital Atherectomy System (OAS); the Diamondback 360 Peripheral OAS (Diamondback 360 Peripheral) and Diamondback 360 Peripheral Diamondback 360 60cm Peripheral OAS and Diamondback 360 4 French 1.25 Peripheral (collectively called as peripheral arterial disease systems (PAD systems)). Its coronary product the Diamondback 360 Coronary OAS (CAD System) is a catheter-based platform designed to facilitate stent delivery in patients with coronary arterial disease (CAD). The CAD System design is customized for the coronary application.

Cardiovascular Systems Inc

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