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SPNC

Spectranetics

$38.48

-0.075 (-0.19%)

16:16
08/03/17
08/03
16:16
08/03/17
16:16

Spectranetics reports Q2 EPS (56c), consensus (29c)

Reports Q2 revenue $74.7M, consensus $73.82M. "In the second quarter we again delivered double-digit revenue growth, reflecting continued, solid performance across our business and innovation pipeline," said Scott Drake, President and CEO. "The impact we are making to improve patients' lives has never been greater, especially with the recent FDA approval of Stellarex. Additionally, as we announced in June, we have entered into a definitive agreement to be acquired by Royal Philips, and we expect the transaction to close in the third quarter."

SPNC Spectranetics
$38.48

-0.075 (-0.19%)

07/25/17
RAJA
07/25/17
DOWNGRADE
RAJA
Market Perform
Spectranetics downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Jayson Bedford downgraded Spectranetics (SPNC) to Market Perform following the acquisition by Philips (PHG) for $38.50 per share and said another bidder is unlikely.
07/10/17
ADAM
07/10/17
DOWNGRADE
Target $38.5
ADAM
Hold
Spectranetics downgraded to Hold from Buy at Canaccord
Canaccord analyst Jason Mills downgraded Spectranetics (SPNC) to Hold saying Philips's (PHG) $38.50 acquisition offer is fair and does not expect any competitive bids to emerge.
07/10/17
UBSW
07/10/17
DOWNGRADE
Target $38.5
UBSW
Neutral
Spectranetics downgraded to Neutral from Buy at UBS
UBS analyst Matt Miksic downgraded Spectranetics to Neutral and raised his price target for the shares to $38.50 from $33 following Philips's (PHG) announcement of a takeover. The analyst expects the stock to trade primarily on the deal price.
06/30/17
NORL
06/30/17
DOWNGRADE
NORL
Market Perform
Spectranetics downgraded to Market Perform from Outperform at Northland

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