Needham & Company Downgrades Wright Medical (WMGI) to Hold
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Wright Medical Group (WMGI) Prelim. Q4, FY14 Revs Light of Expectations
January 12, 2015 6:53 AM ESTWright Medical Group (NASDAQ: WMGI) announced preliminary, unaudited fourth quarter and full year 2014 revenue results. The Company expects revenue for the fourth quarter of 2014 to be approximately $83.3 million, representing growth compared to the year-ago quarter of 23% as reported and 25% on a constant currency basis. For the full year 2014, the Company expects revenue to be approximately $298.0 million, representing growth of 23% both as reported and on a constant currency basis. The Company expects gross margin for the fourth quarter of 2014 to be approximately 77%. These preliminary, unaudited financial results for the quarter and year ending December 31, 2014... More
Piper Jaffray Assumes, Downgrades Wright Medical (WMGI) to Neutral
January 12, 2015 6:50 AM ESTPiper Jaffray downgraded Wright Medical (NASDAQ: WMGI) from Overweight to Neutral with a price target of $37.00 (from $28.00) in assumed coverage.
Analyst Matt O'Brien commented, "We are assuming coverage of WMGI with a Neutral rating. Although we certainly like the story longer term, there are... More
