Pacific Biosciences of California Company Profile (NASDAQ:PACB)

Pacific Biosciences of California trades on the NASDAQ under the ticker symbol "PACB."

Pacific Biosciences of California, Inc. (NASDAQ:PACB) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.24) by $0.02. The company earned $20.07 million during the quarter, compared to the consensus estimate of $23.34 million. Pacific Biosciences of California had a negative return on equity of 93.31% and a negative net margin of 89.67%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. View Pacific Biosciences of California's Earnings History.

Pacific Biosciences of California is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Pacific Biosciences of California.

2 analysts have issued 12 month target prices for Pacific Biosciences of California's stock. Their predictions range from $8.00 to $12.00. On average, they anticipate Pacific Biosciences of California's stock price to reach $10.00 in the next twelve months. View Analyst Ratings for Pacific Biosciences of California.

Here are some recent quotes from research analysts about Pacific Biosciences of California stock:

• 1. According to Zacks Investment Research, "In the past six months, shares of Pacific Biosciences underperformed the broader industry in terms of price. The company posted an unimpressive second quarter of fiscal 2017, registering wider-than-expected loss. Of the other concerns, the DNA sequencing market is highly competitive owing to the presence of several established players. Cutthroat competition in the niche space is a headwind in our view. On the brighter side, solid contribution from the Instrument and Consumable revenue platforms is a significant positive. We are also upbeat about the higher margin sales of the SequelTM System. However, headwinds related to the limited availability of SMRT cells (Single Molecule, Real-Time) for the Sequel system and higher non-cash operating expenses are expected to mar prospects over the long haul. Meanwhile, the company witnessed significant strength in China. Notably, it has placed numerous system orders in the region with both new and existing customers." (8/10/2017)
• 2. Cantor Fitzgerald analysts commented, "Solid 4Q16 results despite lower than-expected Sequel bookings. The company reported total revenues of $25.7M, $2.5M above our estimate of $23.2M and $2.7M above FactSet consensus of $23.0M. System revenue beat due to strong placements in the quarter, slightly offset by lower-than-expected consumable revenue." (2/3/2017)

Some companies that are related to Pacific Biosciences of California include Mazor Robotics (MZOR), Natus Medical Incorporated (BABY), ABAXIS (ABAX), Luminex Corporation (LMNX), LeMaitre Vascular (LMAT), GenMark Diagnostics (GNMK), Accuray Incorporated (ARAY), ViewRay (VRAY), Corindus Vascular Robotics (CVRS), Cogentix Medical (CGNT), Cytosorbents Corporation (CTSO), Neovasc (NVCN), Harvard Bioscience (HBIO), Viveve Medical (VIVE), IRIDEX Corporation (IRIX), Edap Tms S.A. (EDAP), Fulgent Genetic (FLGT) and Presbia PLC (LENS).

Pacific Biosciences of California's management team includes the folowing people:

• Michael W. Hunkapiller Ph.D., Chairman of the Board, President, Chief Executive Officer
• Susan K. Barnes, Chief Financial Officer, Executive Vice President, Principal Accounting Officer
• Kevin P. Corcoran, Senior Vice President - Market Development
• Michael Phillips, Senior Vice President - Research and Development
• William W. Ericson, Lead Independent Director
• David Botstein Ph.D., Independent Director
• Brook H. Byers Ph.D., Independent Director
• Randall Livingston, Independent Director
• John F. Milligan Ph.D., Independent Director

Pacific Biosciences of California's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Maverick Capital Ltd. (9.17%), Capital World Investors (6.78%), Vanguard Group Inc. (4.04%), State Street Corp (1.32%), Frontier Capital Management Co. LLC (1.61%) and Kennedy Capital Management Inc. (1.27%). View Institutional Ownership Trends for Pacific Biosciences of California.

Pacific Biosciences of California's stock was sold by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Lord Abbett & CO. LLC, Schwab Charles Investment Management Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., Ameriprise Financial Inc., Citadel Advisors LLC and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Pacific Biosciences of California.

Pacific Biosciences of California's stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Maverick Capital Ltd., Frontier Capital Management Co. LLC, Kennedy Capital Management Inc., Spark Investment Management LLC, Vanguard Group Inc., California Public Employees Retirement System and Trellus Management Company LLC. View Insider Buying and Selling for Pacific Biosciences of California.

Shares of Pacific Biosciences of California can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Pacific Biosciences of California stock can currently be purchased for approximately $5.12.