Illumina, Inc. (ILMN) Reaches $244.72 52-Week High; Barracuda Networks, Inc. (CUDA) Covered By 6 Bulls

January 14, 2018 - By Peter Erickson

The stock of Illumina, Inc. (NASDAQ:ILMN) hit a new 52-week high and has $256.96 target or 5.00% above today’s $244.72 share price. The 7 months bullish chart indicates low risk for the $35.73B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $256.96 price target is reached, the company will be worth $1.79B more. The stock increased 1.95% or $4.68 during the last trading session, reaching $244.72. About 975,763 shares traded or 17.23% up from the average. Illumina, Inc. (NASDAQ:ILMN) has risen 28.24% since January 14, 2017 and is uptrending. It has outperformed by 11.54% the S&P500.

Among 23 analysts covering Barracuda Networks (NYSE:CUDA), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 26% are positive. Barracuda Networks had 75 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Monday, July 17 with “Buy”. The firm has “Buy” rating given on Monday, September 25 by Piper Jaffray. The firm earned “Buy” rating on Friday, January 8 by Topeka Capital Markets. The firm has “” rating by Summit Research given on Wednesday, April 27. As per Friday, January 8, the company rating was downgraded by Summit Research. The rating was maintained by Needham with “Buy” on Friday, October 20. The firm earned “Market Perform” rating on Friday, January 8 by William Blair. The stock has “Buy” rating by Needham on Monday, February 6. The firm has “Outperform” rating given on Friday, May 20 by Northland Capital. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Wednesday, November 29 report. See Barracuda Networks, Inc. (NYSE:CUDA) latest ratings:

09/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $28.0 Downgrade
12/12/2017 Broker: J.P. Morgan Rating: Hold New Target: $27.55 Downgrade
29/11/2017 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
28/11/2017 Broker: Stephens Old Rating: Overweight New Rating: Equal-Weight Downgrade
28/11/2017 Broker: Needham Old Rating: Buy New Rating: Hold Downgrade
27/11/2017 Broker: BTIG Research Rating: Hold Downgrade
27/11/2017 Broker: Stifel Nicolaus Rating: Hold Downgrade
27/11/2017 Broker: Piper Jaffray Rating: Hold Downgrade
27/11/2017 Broker: Rosenblatt Rating: Hold Downgrade
20/10/2017 Broker: Needham Rating: Buy New Target: $28.0 Maintain

Since August 1, 2017, it had 0 insider buys, and 23 insider sales for $47.02 million activity. The insider FLATLEY JAY T sold 20,000 shares worth $3.89M. On Tuesday, October 3 the insider Dadswell Charles sold $29,323. $610,440 worth of stock was sold by Bouchard Michel on Wednesday, August 2. OSTADAN OMEAD had sold 1,671 shares worth $326,279 on Monday, August 7. On Tuesday, September 5 the insider Stapley Marc sold $411,857. Van Oene Mark also sold $259,013 worth of Illumina, Inc. (NASDAQ:ILMN) on Thursday, October 12. EASTHAM KARIN also sold $2.11M worth of Illumina, Inc. (NASDAQ:ILMN) shares.

Illumina, Inc. provides sequencing and array solutions for genetic analysis. The company has market cap of $35.73 billion. The companyÂ’s sequencing by synthesis technology provides researchers with various applications and the ability to sequence mammalian genomes. It has a 46.62 P/E ratio. It also offers arrays for a range of deoxyribonucleic acid and RNA analysis applications, including single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis, as well as allow for the detection of known genetic markers on a single array.

Analysts await Illumina, Inc. (NASDAQ:ILMN) to report earnings on January, 30. They expect $1.18 earnings per share, up 38.82% or $0.33 from last year’s $0.85 per share. ILMN’s profit will be $172.28M for 51.85 P/E if the $1.18 EPS becomes a reality. After $1.11 actual earnings per share reported by Illumina, Inc. for the previous quarter, Wall Street now forecasts 6.31% EPS growth.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.24, from 1.34 in 2017Q2. It worsened, as 33 investors sold Illumina, Inc. shares while 167 reduced holdings. 55 funds opened positions while 165 raised stakes. 131.54 million shares or 1.36% less from 133.36 million shares in 2017Q2 were reported. Great West Life Assurance Commerce Can owns 103,707 shares for 0.05% of their portfolio. American Century Cos reported 605,149 shares stake. Public Employees Retirement System Of Ohio stated it has 0.07% in Illumina, Inc. (NASDAQ:ILMN). Nelson Roberts Investment Advisors Ltd Com holds 1.91% or 29,133 shares. Hwg Ltd Partnership reported 4,943 shares. Rafferty Asset Mgmt Ltd Liability has invested 0.03% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Fjarde Ap owns 33,969 shares or 0.13% of their US portfolio. Biondo Investment Advsrs Limited Liability Corp invested in 43,610 shares. Gru One Trading Limited Partnership, a Illinois-based fund reported 64,807 shares. Daiwa Grp holds 5,314 shares or 0.01% of its portfolio. Paloma Partners Mgmt Company has 0.02% invested in Illumina, Inc. (NASDAQ:ILMN) for 5,519 shares. Canada Pension Plan Invest Board owns 0.01% invested in Illumina, Inc. (NASDAQ:ILMN) for 19,210 shares. British Columbia Inv owns 50,846 shares for 0.08% of their portfolio. Credit Suisse Ag holds 542,498 shares or 0.11% of its portfolio. Cap Research Investors holds 12.02M shares.

Among 28 analysts covering Illumina Inc (NASDAQ:ILMN), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. Illumina Inc had 85 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Monday, December 21. The stock of Illumina, Inc. (NASDAQ:ILMN) earned “Market Perform” rating by Leerink Swann on Thursday, November 10. The company was downgraded on Thursday, January 7 by Wells Fargo. As per Wednesday, October 25, the company rating was maintained by Bank of America. The firm earned “Buy” rating on Monday, August 7 by Canaccord Genuity. The firm has “Buy” rating given on Friday, January 6 by CL King. The firm earned “Buy” rating on Wednesday, January 3 by Evercore. The rating was downgraded by First Analysis to “Underweight” on Wednesday, November 2. The stock of Illumina, Inc. (NASDAQ:ILMN) earned “Buy” rating by Citigroup on Wednesday, May 4. The rating was initiated by Cantor Fitzgerald with “Buy” on Wednesday, August 26.

Since August 1, 2017, it had 0 insider buys, and 19 selling transactions for $74.39 million activity. $30,034 worth of Barracuda Networks, Inc. (NYSE:CUDA) was sold by Driggs Dustin on Friday, September 1. 253,128 shares were sold by Perone Michael D, worth $6.15M. Shares for $396,330 were sold by Jenkins William D Jr on Friday, September 1. $14,594 worth of stock was sold by Hughes Michael D on Thursday, August 17.

It closed at $27.5 lastly. It is down 38.20% since January 14, 2017 and is uptrending. It has outperformed by 21.50% the S&P500.

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