Analyst Update: EXACT Sciences, F5 Networks, NuVasive

Analysts adjusted their ratings on EXACT Sciences Corporation (EXAS), F5 Networks, Inc. (FFIV), and NuVasive, Inc. (NUVA)

Oct 6, 2015 at 1:21 PM
facebook X logo linkedin

Analysts are weighing in today on diagnostics company EXACT Sciences Corporation (NASDAQ:EXAS), software firm F5 Networks, Inc. (NASDAQ:FFIV), and surgical concern NuVasive, Inc. (NASDAQ:NUVA). Here's a quick roundup of today's brokerage notes on EXAS, FFIV, and NUVA.

  • EXAS is 43% lower at $10.51, and earlier hit a two-year low of $9.90, after the company announced that its colon cancer screening test, Cologuard, received a disappointing recommendation from a medical task force. The poor rating prompted a series of price-target cuts for EXACT Sciences Corporation: Benchmark downgraded EXAS to "hold" and lowered its price target to $11 from $34; Goldman Sachs cut its price target to $11 from $24; and Craig-Hallum moved its price target for EXAS to $22 from $30. Technically, the stock has dropped 68% since tagging an all-time high of $32.85 in June. Despite this drop, analysts maintain a bullish stance toward the diagnostics firm. At last check, 10 of the 13 brokerage following EXAS rate it a "strong buy." Downgrades from this lofty perch could apply more downside pressure to the stock. Option players echo this bullish sentiment, as the equity's 10-day call/put volume ratio of 18.62 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) indicates that calls outstrip puts at a pace greater than 18-to-1. What's more, this reading is in the 90th percentile of its annual range, hinting at a bigger-than-usual bullish bias. Capitulation from this bullish crew could spark further negative momentum.

  • FFIV is 4.9% lower at $116.05, after Citigroup started the stock with a "sell" rating and a $105 price target -- in annual low territory. The brokerage attributed the coverage to the belief that F5 Networks, Inc. will lower its guidance at some point in the next six months. Since hitting a near-term high of $135.20 at the end of July, shares of FFIV have fallen 14%. Short sellers have been upping the bearish ante, as short interest rose 17.2% during the past two reporting periods. These pessimistic positions would take more than nine sessions to repurchase, at FFIV's average daily trading volume.
  • BMO upgraded NUVA to "outperform"from "market perform" and raised its price target to $64 from $52 . Likewise, Canaccord Genuity last night upped its opinion to "buy" from "hold" and hiked its price target by $6 to $58. Still, after jumping as high as $55.98 in early trading, shares of NuVasive, Inc. are 0.8% lower at $52.08, as healthcare stocks lag. Despite boasting a year-to-date gain of 10.6%, options players rest on the bearish side of the sentiment spectrum. NUVA's 50-day put/call volume ratio on the ISE/CBOE/PHLX comes in at 1.54. This reading is higher than 88% of the readings taken during the past 52 weeks. 
For other stocks in analysts' crosshairs, read Analyst Upgrades: Cisco Systems, Inc., Goldman Sachs Group Inc, and Paypal Holdings Inc and Analyst Downgrades: Skyworks Solutions Inc, Tesla Motors Inc, and Twitter Inc.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI