Cyberonics (CYBX) Releases Quarterly Earnings Results
Cyberonics (NASDAQ:CYBX) announced its earnings results on Thursday. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.02, ARN reports. The company had revenue of $72.00 million for the quarter, compared to the consensus estimate of $74.10 million.
A number of analysts have recently weighed in on CYBX shares. Analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday, June 24th. They set a “buy” rating and a $65.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated a “buy” rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.00.
In other Cyberonics news, CEO Daniel Jeffrey Moore sold 7,000 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $60.74, for a total transaction of $425,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cyberonics (NASDAQ:CYBX) opened at 62.06 on Thursday. Cyberonics has a 1-year low of $49.65 and a 1-year high of $73.52. The stock’s 50-day moving average is $60. and its 200-day moving average is $62.. The company has a market cap of $1.655 billion and a P/E ratio of 31.31.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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