Revenue Update on Cutera(NASDAQ:CUTR)

Cutera(NASDAQ:CUTR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $37.875M. Analysts estimated a revenue of $37.030M. The revenues were 2.28% above the estimates. Earnings per share were $0.3. The reported EPS was above estimates by 11.11%. Analysts had estimated an EPS of $0.27.

Cutera (CUTR) shares turned negative on Wednesdays trading session with the shares closing down -0.7 points or -3.20% at a volume of 1,26,312. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.7. The peak price level was also seen at $21.7 while the days lowest was $20.55. Finally the shares closed at $21.2. The 52-week high of the shares is $22.9611 while the 52-week low is $9.83. According to the latest information available, the market cap of the company is $284 M.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, David A Gollnick (director) sold 17,914 shares at $17.00 per share price.Also, On Nov 18, 2016, Ronald J Santilli (Interim CEO and CFO) sold 11,092 shares at $13.89 per share price.On Jun 7, 2016, Kevin P Connors (President & CEO) sold 21,606 shares at $10.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Cutera Inc. is a global medical device company. The Company designs develops manufactures markets and services laser and other energy-based aesthetics systems for practitioners. It offers products based on xeo Genesis Plus excel V truSculpt excel HR and enlighten product platforms each of which enables physicians and other qualified practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface a laser or other energy-based module control system software and high voltage electronics. It also offers products such as CoolGlide that includes CV Excel and Vantage; Solera that includes Titan S ProWave 770 OPS 600 LP560 AcuTip 500Titan V/XL and LimeLight and a third-party sourced system myQ for the Japanese market. It also sells post warranty services Titan hand piece refills and dermal fillers and cosmeceuticals.

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