Masimo Corporation(NASDAQ:MASI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 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 $183.201M. Analysts estimated a revenue of $180.480M. The revenues were 1.51% above the estimates. Earnings per share were $0.51. The reported EPS was below estimates by -1.92%. Analysts had estimated an EPS of $0.52.
In a different note, On Feb 13, 2017, Raymond James said it Downgrades its rating on Masimo Corporation. The shares have been rated ‘Market Perform’ by the firm.
Masimo Corporation (MASI) made into the market gainers list on Wednesdays trading session with the shares advancing 2.03% or 1.73 points. Due to strong positive momentum, the stock ended at $87.05, which is also near the day’s high of $87.65. The stock began the session at $85.35 and the volume stood at 12,46,292 shares. The 52-week high of the shares is $87.65 and the 52 week low is $33.03. The company has a current market capitalization of $4,389 M and it has 5,04,19,060 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 7, 2017, Raad Mark De (EVP & Chief Financial Officer) sold 15,000 shares at $75.00 per share price.Also, On Feb 7, 2017, Jon Coleman (Pres-WW Sales,Pro Svc,Med Affs) sold 6,000 shares at $75.00 per share price.On Feb 3, 2017, Yongsam Lee (EVP & CIO) sold 10,000 shares at $74.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Masimo Corporation is a global medical technology company that develops manufactures and markets non-invasive patient monitoring products. The Company’s core business is measure-through-motion and low-perfusion pulse oximetry monitoring known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include non-invasive optical blood constituent monitoring optical organ oximetry monitoring electrical brain function monitoring acoustic respiration monitoring and optical gas monitoring. In addition the Company offers Root patient monitoring and connectivity platform the Radical-7 bedside and portable patient monitor and the Radius-7 wearable wireless patient monitor. The Company also has the Patient SafetyNet remote patient surveillance monitoring system which allows up to 80 patients to be monitored simultaneously through a central station or remotely by care providers through their pagers or smart phones.