Boston Scientific, Stryker stock halted for news pending
Boston Scientific, Stryker stock halted for news pending
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Boston Scientific, Stryker stock halted for news pending
Shares of Boston Scientific Corp. shot up 8.3% toward a 13-year high in morning trade Monday, after The Wall Street Journal reported that the medical device company received a buyout approach medical technology products company Stryker Corp. . Stryker's stock slumped 3.3%. The WSJ report said it was unclear whether Boston Scientific was receptive to Stryker's approach. Boston Scientific's stock was trading at levels not seen since February 2005. At current prices, Boston Scientific had a market capitalization of $47.76 billion, while Stryker's market cap was $64.65 billion. Boston Scientific's stock has run up 24.4% over the past 12 months, while Stryker shares hve climbed 21.9% and the S&P 500 has gained 14.4%.
Boston Scientific's stock soars 9.8% after WSJ report of Stryker's buyout approach
Boston Scientific receives buyout approach from Stryker--WSJ
Boston Scientific Corp. BSX Wednesday said profit rose 2.8% and raised its sales guidance for the year. The Massachusetts-based medical devices maker reported a profit of $298 million, or 21 cents a share, compared with $290 million, or 21 cents a share, for the same period last year. Excluding items, Boston Scientific reported a profit of 33 cents a share for the quarter.
Boston Scientific Q2 FactSet EPS consensus 35 cents; 2018 $1.37
Boston Scientific sees Q2 adj. EPS 33 cents to 35 cents
Boston Scientific sees Q2 sales $2.45 bln to $2.50 bln
Boston Scientific now sees full-year adj. EPS $1.37 to $1.41 vs prior $1.35 to $1.39
Boston Scientific now sees full-year EPS 90 cents to 94 cents vs prior guidance 93 cents to 98 cents
Boston Scientific now sees full-year revenue $9.75 bln to $9.90 bln
Boston Scientific Q1 sales $2.379 bln, up 10.1%; FactSet consensus $2.341 bln
Boston Scientific Q1 adj. EPS 33 cents; FactSet consensus 32 cents
Boston Scientific Q1 EPS 21 cents, unchanged vs. year earlier
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Stryker has recently made a takeover approach to rival Boston Scientific, a move that would create a medical-device giant with a combined value of more than $110 billion.
Two of the firm’s top health-care funds reject defensive strategies and invest in medical innovation over the long term. Among their picks: Becton Dickinson, Amgen, UnitedHealth, Sarepta Therapeutics, Novartis, Uniqure.
A cardiovascular procedure using devices made by Abbott Laboratories, Johnson & Johnson, Medtronic and Boston Scientific was no better than drug therapy for treating patients with atrial fibrillation, a new study found.
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Stryker has recently made a takeover approach to rival Boston Scientific, a move that would create a medical-device giant with a combined value of more than $110 billion.
Varian Medical Systems (VAR) is engaged in the design, manufacture, sale, and servicing of hardware and software for the treatment of cancer with radiotherapy and radiosurgery.
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Boston Scientific (BSX) Presents At Digestive Disease Week Conference - Slideshow
In the fiscal fourth quarter, Abiomed reported operating margins close to 27.3%, which is a YoY rise of 4.0%.
Abiomed generally witnesses a sequential rise in revenues in its fiscal third quarter, driven by higher physician engagement and hospital utilization.
Of the 11 analysts covering Abiomed in May, five recommended the company as a “strong buy,” and four recommended it as a “buy."
Two of the firm’s top health-care funds reject defensive strategies and invest in medical innovation over the long term. Among their picks: Becton Dickinson, Amgen, UnitedHealth, Sarepta Therapeutics, Novartis, Uniqure.
Today, the SVP & Pres, Eur, Mid-East, Afr of Boston Scientific Corp (NYSE: BSX), Thepaut ...[...]
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A cardiovascular procedure using devices made by Abbott Laboratories, Johnson & Johnson, Medtronic and Boston Scientific was no better than drug therapy for treating patients with atrial fibrillation, a new study found.
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Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical specialties. It operates through the following segments: Cardiovascular, Rhythm Management, and MedSurg. The Cardiovascular segment comprises of technologies or diagnosing and treating coronary artery disease, and other cardiovascular disorders including structural heart conditions. The Rhythm Management segment develops implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities. The MedSurg segment focuses on Endoscopy, which provides devices to diagnose and treat a broad range of gastrointestinal, and pulmonary conditions with innovative and invasive technologies. The company was founded by John E. Abele and Pete Michael Nicholas on June 29, 1979 and is headquartered in Marlborough, MA. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
CONMED Corp. | $2.04B | |
Merit Medical Systems Inc. | $2.48B | |
AngioDynamics Inc. | $783.95M | |
Stryker Corp. | $66.88B | |
Teleflex Inc. | $12.9B |