Volcano Corp. Rating Lowered to Market Perform at Leerink Swann (VOLC)
Volcano Corp. (NASDAQ:VOLC) was downgraded by equities research analysts at Leerink Swann to a “market perform” rating in a research note issued to investors on Tuesday, American Banking News reports.
In other Volcano Corp. news, CFO John Dahldorf unloaded 47,423 shares of Volcano Corp. stock on the open market in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.94, for a total transaction of $1,040,460.62. Following the completion of the sale, the chief financial officer now directly owns 41,955 shares in the company, valued at approximately $920,493. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Volcano Corp. (NASDAQ:VOLC) opened at 21.38 on Tuesday. Volcano Corp. has a 1-year low of $16.37 and a 1-year high of $26.23. The stock has a 50-day moving average of $22.08 and a 200-day moving average of $21.72. The company’s market cap is $1.173 billion.
Volcano Corp. (NASDAQ:VOLC) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.07. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $97.20 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Volcano Corp. will post $-0.26 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Volcano Corp. in a research note to investors on Friday, November 8th. They now have a $21.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Volcano Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.85.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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