Cepheid (CPHD) is Downgraded by Needham to Hold

Cepheid (CPHD) was Downgraded by Needham to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Needham advised their investors in a research report released on Sep 6, 2016.

Many Wall Street Analysts have commented on Cepheid. Cepheid was Downgraded by Piper Jaffray to ” Neutral” on Sep 6, 2016.

On the company’s financial health, Cepheid reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.00. The company had revenue of $146.00 million for the quarter, compared to analysts expectations of $145.92 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Cepheid closed down -0.06 points or -0.17% at $34.26 with 4,32,770 shares getting traded on Thursday. Post opening the session at $34.36, the shares hit an intraday low of $34 and an intraday high of $34.859 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 17, 2016, Scott A. Campbell (Corporate VP & CRO) sold 287 shares at $36.16 per share price. According to the SEC, on May 3, 2016, Peter V. Farrell (EVP, Worldwide Commercial Ops) sold 390 shares at $28.90 per share price. On Apr 27, 2016, John L Bishop (Chairman of the Board and CEO) sold 110,000 shares at $35.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Cepheid is a molecular diagnostics company. The Company develops manufactures and markets fully-integrated systems for testing in the clinical market and non-clinical markets. Its systems enable molecular testing for organisms and genetic-based diseases. Molecular testing involves various time-intensive steps including sample preparation DNA amplification and detection. The Company’s systems integrate these steps and analyze biological samples in test cartridges. Its primary offering is the GeneXpert system which integrates sample preparation in addition to DNA amplification and detection serves reference laboratories and hospital central laboratories to satellite testing locations such as emergency departments and intensive care units within hospitals as well as physician offices and other alternate site laboratories. It also offers the SmartCycler system which integrates DNA amplification and detection to allow rapid analysis of a sample.


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