Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company's single molecule real-time (SMRT) sequencing technology enables single molecule real-time detection of biological processes. It offers PacBio RS II and Sequel Systems that conducts, monitors, and analyzes single molecule biochemical reactions in real time. The company also provides consumable products, including SMRT cells, as well as various reagent kits, such as template preparation, binding, and sequencing kits. Its customers include research institutions; commercial laboratories; genome centers; clinical, government, and academic institutions; genomics service providers; pharmaceutical companies; and agricultural companies. The company markets its products through a direct sales force in North America and Europe, as well as primarily through distribution partners in Asia, the Middle East, Africa, and Latin America. The company was formerly known as Nanofluidics, Inc. Pacific Biosciences of California, Inc. was founded in 2000 and is headquartered in Menlo Park, California.
Industry, Sector and Symbol
Industry Analytical instruments
Sub-IndustryLife Sciences Tools & Services
SectorMedical
Phone650-521-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$78.63 million
Profitability
Miscellaneous
Employees401
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable
Pacific Biosciences of California (NASDAQ:PACB) Frequently Asked Questions
What is Pacific Biosciences of California's stock symbol?
Pacific Biosciences of California trades on the NASDAQ under the ticker symbol "PACB."
How were Pacific Biosciences of California's earnings last quarter?
Pacific Biosciences of California (NASDAQ:PACB) issued its quarterly earnings data on Monday, February, 11th. The biotechnology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.08. The biotechnology company earned $19.53 million during the quarter, compared to analysts' expectations of $21.08 million. Pacific Biosciences of California had a negative return on equity of 94.50% and a negative net margin of 130.44%. View Pacific Biosciences of California's Earnings History.
When is Pacific Biosciences of California's next earnings date?
What price target have analysts set for PACB?
3 analysts have issued 1-year price targets for Pacific Biosciences of California's shares. Their forecasts range from $3.80 to $8.00. On average, they expect Pacific Biosciences of California's share price to reach $6.10 in the next twelve months. This suggests that the stock has a possible downside of 17.0%. View Analyst Price Targets for Pacific Biosciences of California.
What is the consensus analysts' recommendation for Pacific Biosciences of California?
What are Wall Street analysts saying about Pacific Biosciences of California stock?
Here are some recent quotes from research analysts about Pacific Biosciences of California stock:
- 1. Cantor Fitzgerald analysts commented, ": We are downgrading the shares of PACB to PACB’s announced acquisition by ILMN (Not Covered). On Nov. 1, after the market close, PACB announced an agreement to be acquired by ILMN for $8 per share, or ~$1.2B total EV. We view the likelihood of a higher bidder to be low. We also think regulatory risk to the deal remains low. The acquisition is expected to be completed mid-2019. We spoke to a number of industry participants to assess the likelihood of a higher bidder and regulatory approval." (11/12/2018)
- 2. According to Zacks Investment Research, "Pacific Biosciences saw a dreary second quarter. However, the company witnessed strong bookings for Sequel in the quarter. Constant instrument orders from BGI and China are encouraging. Furthermore, the company is well poised on expansion of SMRT Sequencing and product development activities. On the flip side, Product and service revenues deteriorated on a year-over-year basis due to lower instrument revenues. Dull performance in the other revenue segment is a concern. The DNA sequencing market is rife with competition. Sales in Europe declined considerably. Also, higher operating expenses are a headwind. The stock is currently overvalued. The company has also not provided any guidance for the upcoming quarters. Pacific Biosciences has underperformed the industry in a year’s time. Pacific Biosciences underperformed the industry in a year’s time." (8/6/2018)
Has Pacific Biosciences of California been receiving favorable news coverage?
Media stories about PACB stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pacific Biosciences of California earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news stories about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days.
Are investors shorting Pacific Biosciences of California?
Pacific Biosciences of California saw a increase in short interest during the month of February. As of February 28th, there was short interest totalling 19,803,438 shares, an increase of 23.8% from the February 15th total of 15,999,916 shares. Based on an average trading volume of 2,116,544 shares, the short-interest ratio is presently 9.4 days. Approximately 14.5% of the company's shares are sold short. View Pacific Biosciences of California's Current Options Chain.
Who are some of Pacific Biosciences of California's key competitors?
Some companies that are related to Pacific Biosciences of California include Coherent (COHR), Horiba (HRIBF), Accelerate Diagnostics (AXDX), Quanterix (QTRX), Fluidigm (FLDM), Eyepoint Pharmaceuticals (EYPT), Harvard Bioscience (HBIO), Arrayit (ARYC), HTG Molecular Diagnostics (HTGM), BioNano Genomics (BNGO), Aethlon Medical (AEMD), Scientific Industries (SCND), Pressure Biosciences (PBIO), Precipio (PRPO) and PositiveID (PSID).
What other stocks do shareholders of Pacific Biosciences of California own?
Who are Pacific Biosciences of California's key executives?
Pacific Biosciences of California's management team includes the folowing people:
- Dr. Michael W. Hunkapiller, Exec. Chairman, CEO & Pres (Age 70)
- Ms. Susan K. Barnes, Exec. VP & CFO (Age 65)
- Mr. James Michael Phillips, Sr. VP of R&D (Age 68)
- Dr. Stephen Turner, Co-Founder & CTO (Age 51)
- Dr. Jonas Korlach Ph.D., Chief Scientific Officer
Who are Pacific Biosciences of California's major shareholders?
Pacific Biosciences of California's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.52%), Alpine Associates Management Inc. (2.85%), Millennium Management LLC (1.78%), D. E. Shaw & Co. Inc. (1.40%), LMR Partners LLP (1.22%) and Gabelli Funds LLC (1.17%). Company insiders that own Pacific Biosciences of California stock include James Michael Phillips, Kathy Ordonez, Michael Hunkapiller and Susan K Barnes. View Institutional Ownership Trends for Pacific Biosciences of California.
Which institutional investors are selling Pacific Biosciences of California stock?
PACB stock was sold by a variety of institutional investors in the last quarter, including Trellus Management Company LLC, Frontier Capital Management Co. LLC, Moloney Securities Asset Management LLC, MetLife Investment Advisors LLC, IFP Advisors Inc and Principal Financial Group Inc.. Company insiders that have sold Pacific Biosciences of California company stock in the last year include James Michael Phillips, Kathy Ordonez, Michael Hunkapiller and Susan K Barnes. View Insider Buying and Selling for Pacific Biosciences of California.
Which institutional investors are buying Pacific Biosciences of California stock?
PACB stock was bought by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Millennium Management LLC, D. E. Shaw & Co. Inc., LMR Partners LLP, Gabelli Funds LLC, Water Island Capital LLC, Canada Pension Plan Investment Board and BlackRock Inc.. View Insider Buying and Selling for Pacific Biosciences of California.
How do I buy shares of Pacific Biosciences of California?
Shares of PACB 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, Scottrade, Fidelity and Charles Schwab.
What is Pacific Biosciences of California's stock price today?
One share of PACB stock can currently be purchased for approximately $7.35.
How big of a company is Pacific Biosciences of California?
Pacific Biosciences of California has a market capitalization of $1.11 billion and generates $78.63 million in revenue each year. The biotechnology company earns $-102,560,000.00 in net income (profit) each year or ($0.76) on an earnings per share basis. Pacific Biosciences of California employs 401 workers across the globe.
What is Pacific Biosciences of California's official website?
How can I contact Pacific Biosciences of California?
Pacific Biosciences of California's mailing address is 1305 O`BRIEN DRIVE, MENLO PARK CA, 94025. The biotechnology company can be reached via phone at 650-521-8000 or via email at [email protected]
MarketBeat Community Rating for Pacific Biosciences of California (NASDAQ PACB)
MarketBeat's community ratings are surveys of what our community members think about Pacific Biosciences of California and other stocks. Vote "Outperform" if you believe PACB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PACB will underperform the S&P 500 over the long term. You may vote once every thirty days.
