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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Lowers PT on Volcano Corporation on 4Q12 Revenue

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Will Volcano Corp Continue To Surge Higher?
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In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Volcano Corporation (NASDAQ: VOLC), but lowered its price target from $28.00 to $26.00.

BMO Capital Markets noted, “VOLC reported 4Q12 revenue of $102.5 million (up 10.5%; up 12.5% exfx), in line with the company's preannouncement, including 1) Consoles sales of $12.2 million (up 5.8%), 2) FFR disposables sales of $27.2 million (up 42.7%; up 45% ex-fx), and 3) IVUS Catheter sales of $52.2 million (down 2.6%), including a 4% drain in Japan, and a 13% drag in Europe. EPS was a loss of $0.02, coming in below the consensus' $0.09 gain estimate.”

Volcano Corporation closed on Thursday at $24.67.

Latest Ratings for VOLC

DateFirmActionFromTo
Dec 2014Roth CapitalDowngradesBuyNeutral
Dec 2014Credit SuisseDowngradesOutperformNeutral
Dec 2014NeedhamDowngradesBuyHold

View More Analyst Ratings for VOLC
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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