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Celgene Stock Price, News & Analysis (NASDAQ:CELG)

$102.95
+1.15 (+1.13 %)
(As of 10/20/2019 05:21 AM ET)
Today's Range
$101.69
Now: $102.95
$103.08
50-Day Range
$96.37
MA: $98.84
$102.73
52-Week Range
$58.59
Now: $102.95
$102.13
Volume3.91 million shs
Average Volume3.71 million shs
Market Capitalization$72.96 billion
P/E Ratio13.53
Dividend YieldN/A
Beta1.42
Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of cancer and inflammatory diseases worldwide. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma (MM), myelodysplastic syndromes (MDS), and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis and psoriasis; and ABRAXANE to treat breast, non-small cell lung, pancreatic, and gastric cancers. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:CELG
CUSIP15102010
Phone908-673-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.28 billion
Cash Flow$8.98 per share
Book Value$8.79 per share

Profitability

Net Income$4.05 billion

Miscellaneous

Employees8,852
Market Cap$72.96 billion
Next Earnings Date10/31/2019 (Confirmed)
OptionableOptionable

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Celgene (NASDAQ:CELG) Frequently Asked Questions

What is Celgene's stock symbol?

Celgene trades on the NASDAQ under the ticker symbol "CELG."

When did Celgene's stock split? How did Celgene's stock split work?

Celgene's stock split before market open on Thursday, June 26th 2014. The 2-1 split was announced on Thursday, June 19th 2014. The newly issued shares were distributed to shareholders after the market closes on Wednesday, June 25th 2014. An investor that had 100 shares of Celgene stock prior to the split would have 200 shares after the split.

How will Celgene's stock buyback program work?

Celgene declared that its Board of Directors has initiated a stock buyback program on Thursday, May 24th 2018, which allows the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

How were Celgene's earnings last quarter?

Celgene Co. (NASDAQ:CELG) announced its quarterly earnings results on Tuesday, July, 30th. The biopharmaceutical company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.17. The biopharmaceutical company earned $4.40 billion during the quarter, compared to the consensus estimate of $4.22 billion. Celgene had a net margin of 32.24% and a return on equity of 89.93%. The business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.16 earnings per share. View Celgene's Earnings History.

When is Celgene's next earnings date?

Celgene is scheduled to release their next quarterly earnings announcement on Thursday, October 31st 2019. View Earnings Estimates for Celgene.

What guidance has Celgene issued on next quarter's earnings?

Celgene updated its FY20 earnings guidance on Tuesday, July, 30th. The company provided earnings per share guidance of > $12.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.45. The company issued revenue guidance of $19-20 billion, compared to the consensus revenue estimate of $19.18 billion.

What price target have analysts set for CELG?

18 analysts have issued 12-month price objectives for Celgene's shares. Their predictions range from $77.00 to $112.00. On average, they expect Celgene's stock price to reach $94.64 in the next twelve months. This suggests that the stock has a possible downside of 8.1%. View Analyst Price Targets for Celgene.

What is the consensus analysts' recommendation for Celgene?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celgene in the last year. There are currently 16 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Celgene.

What are Wall Street analysts saying about Celgene stock?

Here are some recent quotes from research analysts about Celgene stock:
  • 1. According to Zacks Investment Research, "Celgene’s lead drug, Revlimid, continues to drive revenues on label expansions and market share gains. Robust performance of psoriasis drug, Otezla, is also boosting performance. The focus is on the merger announcement with large-cap pharma Bristol-Myers worth a whopping $74 billion. Per the terms, Celgene shareholders will receive $50 plus one share of Bristol-Myers and one tradeable Contingent Value Right, which will entitle the holder to receive a cash payment of $9.00 upon the achievement of FDA approval of three candidates (ozanimod, liso-cel and bb2121) within the specified time periods. Meanwhile, the company is also working on label expansion of drugs like Pomalyst/Imnovid, Abraxane and Otezla, among others. Shares have outperformed the industry in the year so far. Estimates are stable ahead of the second-quarter results." (7/23/2019)
  • 2. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating and $100 12-month price target. Celgene reported a strong 4Q this morning and issued full year 2019 guidance. 4Q revs of ~$4B beat us and consensus on the top line, while adj. EPS of $2.39 also came in above us and consensus at $2.33 and $2.32. Base business trends were surprisingly strong, and management reiterated timelines for all five late- stage pipeline products on track for approval by the end of 2020. We think the key takeaway from the call was that commercial and pipeline execution appear to be back on track with a clear line of sight to the Bristol (BMY, NC) deal closing in 3Q19. We think guidance for 2019 seems conservative." (1/31/2019)

Has Celgene been receiving favorable news coverage?

Press coverage about CELG stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Celgene earned a news impact score of 0.8 on InfoTrie's scale. They also gave media stories about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Celgene.

Who are some of Celgene's key competitors?

What other stocks do shareholders of Celgene own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Celgene investors own include Akorn (AKRX), Gilead Sciences (GILD), NVIDIA (NVDA), Bank of America (BAC), Skechers USA (SKX), Integrated Device Technology (IDTI), Alibaba Group (BABA), Netflix (NFLX), Micron Technology (MU) and Intel (INTC).

Who are Celgene's key executives?

Celgene's management team includes the folowing people:
  • Mr. Mark J. Alles, Chairman & CEO (Age 60)
  • Mr. David V. Elkins, Exec. VP & CFO (Age 50)
  • Mr. Peter N. Kellogg, Exec. VP & Chief Corp. Strategy Officer (Age 63)
  • Dr. S. J. Rupert Vessey MA, BM BCh, FRCP, DPhil, Pres of Research & Early Devel. (Age 54)
  • Dr. Alise Reicin M.D., Pres of Global Clinical Devel. (Age 58)

Who are Celgene's major shareholders?

Celgene's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.32%), Douglas Lane & Associates LLC (0.10%), Syquant Capital Sas (0.09%), Gateway Investment Advisers LLC (0.05%), Commerzbank Aktiengesellschaft FI (0.05%) and Nisa Investment Advisors LLC (0.04%). Company insiders that own Celgene stock include Ernest Mario, Gilla Kaplan, James J Loughlin, John H Weiland, Mark J Alles, Michael D Casey and Terrie Curran. View Institutional Ownership Trends for Celgene.

Which major investors are selling Celgene stock?

CELG stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Gateway Investment Advisers LLC, Gofen & Glossberg LLC IL, Envestnet Asset Management Inc., First Hawaiian Bank, Fulton Bank N.A., Douglas Lane & Associates LLC and Welch & Forbes LLC. Company insiders that have sold Celgene company stock in the last year include James J Loughlin and Terrie Curran. View Insider Buying and Selling for Celgene.

Which major investors are buying Celgene stock?

CELG stock was acquired by a variety of institutional investors in the last quarter, including Syquant Capital Sas, Alpine Group USVI LLC, Alpine Group USVI LLC, Commerzbank Aktiengesellschaft FI, State of Alaska Department of Revenue, Havens Advisors LLC, KMG Fiduciary Partners LLC and Pacer Advisors Inc.. Company insiders that have bought Celgene stock in the last two years include Ernest Mario, John H Weiland and Mark J Alles. View Insider Buying and Selling for Celgene.

How do I buy shares of Celgene?

Shares of CELG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Celgene's stock price today?

One share of CELG stock can currently be purchased for approximately $102.95.

How big of a company is Celgene?

Celgene has a market capitalization of $72.96 billion and generates $15.28 billion in revenue each year. The biopharmaceutical company earns $4.05 billion in net income (profit) each year or $7.61 on an earnings per share basis. Celgene employs 8,852 workers across the globe.View Additional Information About Celgene.

What is Celgene's official website?

The official website for Celgene is http://www.celgene.com/.

How can I contact Celgene?

Celgene's mailing address is 86 MORRIS AVENUE, SUMMIT NJ, 07901. The biopharmaceutical company can be reached via phone at 908-673-9000 or via email at [email protected]


MarketBeat Community Rating for Celgene (NASDAQ CELG)

Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  1,992 (Vote Outperform)
Underperform Votes:  765 (Vote Underperform)
Total Votes:  2,757
MarketBeat's community ratings are surveys of what our community members think about Celgene and other stocks. Vote "Outperform" if you believe CELG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CELG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/20/2019 by MarketBeat.com Staff

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