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Cyberonics (CYBX) in Focus: Stock Adds 13.4% in Session

Zacks Equity Research

Cyberonics Inc. (CYBX) was a big mover last session with its shares rising over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $48.51 to $52.97.

This provider of implantable medical devices to hospitals and ambulatory surgery centers has seen two negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.

Cyberonics currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Investors interested in the biomedical industry may consider stocks like AngioDynamics Inc. (ANGO), Edwards Lifesciences Corp. (EW) and EnteroMedics Inc. (ETRM). While AngioDynamics sports a Zacks Rank #1 (Strong Buy), Edwards Lifesciences and EnteroMedics hold a Zacks Rank #2 (Buy).

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CYBERONICS INC (CYBX): Free Stock Analysis Report

ANGIODYNAMICS INC (ANGO): Free Stock Analysis Report

EDWARDS LIFESCIENCES CORP (EW): Free Stock Analysis Report

ENTEROMEDICS INC (ETRM): Free Stock Analysis Report


Zacks Investment Research