Cerus - CERS Stock Forecast, Price & News

Cerus' stock was trading at $6.81 at the beginning of 2022. Since then, CERS shares have decreased by 49.5% and is now trading at $3.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CERS earnings forecast.

Cerus Co. (NASDAQ:CERS) announced its quarterly earnings results on Tuesday, November, 2nd. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. The biotechnology company had revenue of $36.13 million for the quarter, compared to analysts' expectations of $31.60 million. Cerus had a negative trailing twelve-month return on equity of 52.16% and a negative net margin of 27.34%. During the same quarter last year, the business posted ($0.08) EPS.

Cerus issued an update on its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $160.00 million-$165.00 million, compared to the consensus revenue estimate of $176.65 million.

15 employees have rated Cerus Chief Executive Officer William M. (Obi) Greenman on Glassdoor.com. William M. (Obi) Greenman has an approval rating of 35% among the company's employees. This puts William M. (Obi) Greenman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cerus investors own include Rite Aid (RAD), SCYNEXIS (SCYX), Alibaba Group (BABA), Inovio Pharmaceuticals (INO), OPKO Health (OPK), Pfizer (PFE), Immunomedics (IMMU), Exelixis (EXEL), Novavax (NVAX) and NVIDIA (NVDA).

Cerus trades on the NASDAQ under the ticker symbol "CERS."

Cerus' stock is owned by a number of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (9.67%), Sumitomo Mitsui Trust Holdings Inc. (5.82%), Nikko Asset Management Americas Inc. (5.82%), Primecap Management Co. CA (5.23%), State Street Corp (2.53%) and Assenagon Asset Management S.A. (1.69%). Insiders that own company stock include Carol Moore, Chrystal Menard, Daniel N Swisher Jr, Gail Schulze, Kevin Dennis Green, Laurence M Corash, Richard J Benjamin, Timothy B Anderson, Timothy L Moore, Vivek K Jayaraman, Vivek K Jayaraman and William Mariner Greenman.
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Shares of CERS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CERS stock can currently be purchased for approximately $3.44.

Cerus (NASDAQ:CERS) has a market capitalization of $609.19 million and generates $130.86 million in revenue each year. The biotechnology company earns $-54,380,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis.

The company employs 631 workers across the globe.

Cerus' mailing address is 1220 CONCORD AVENUE SUITE 600, CONCORD CA, 94520. The official website for the company is www.cerus.com. The biotechnology company can be reached via phone at (925) 288-6000, via email at ir@cerus.com, or via fax at 925-288-6001.