Masimo Corp. (MASI) Misses Q2 EPS by 41c; Boosts Outlook
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Wedbush Raises Price Target on Masimo Corp. (MASI) Following 2Q Beat and Raise
August 4, 2016 9:52 AM EDTWedbush reiterated an Outperform rating on Masimo Corp. (NASDAQ: MASI), and raised the price target to $63.00 (from $60.00), following the company's 2Q earnings report. Product revenue of $165 million was ~$6 million ahead of estimates. Adjusted EPS of $0.45 beat estimates by $0.04. Masimo now expects product revenue of $658... More
Piper Jaffray Raises Price Target on Masimo Corp. (MASI) Following the Company's 2Q Earnings Report
August 4, 2016 8:54 AM EDTPiper Jaffray reiterated an Overweight rating on Masimo Corp. (NASDAQ: MASI), and raised the price target to $55.00 (from $52.00), following the company's 2Q earnings report. Revenue increased 10.9% yoy to $172.6M, above consensus' $166.0M estimate. GAAP EPS of $0.57 was also above the Street's $0.41.
Analyst William Quirk commented, "Masimo... More
