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Fly News Breaks for August 1, 2017
GNMK
Aug 1, 2017 | 12:31 EDT
Cowen analyst Doug Schenkel attributes Genmark's post-earnings pullback to details on revenue mix, orders, and margins that appear to have heightened some uncertainty on its outlook. However, he thinks additional details on its ePlex placement and order trends are encouraging and believes the company's revenue and gross margin outlook are "largely intact," making today's weakness a buying opportunity. Schenkel keeps an Outperform rating on Genmark, which is down about 13% near midday.
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