Wednesday, July 25, 2012

Illumina; iRobot; Level 3 Communications

Illumina (ILMN) was upgraded to Outperform from Sell at CLSA today (02012.07.25). I don't know anything about CLSA, but an upgrade is an upgrade. ILMN closed yesterday (02012.07.24) at $41.52. 52-week range: $25.57 - $63.69. Illumina reported 2Q'12 results yesterday and here is one observation from the press release: "We are very pleased with our operational execution for the first half of 2012 and the resulting financial performance," said Jay Flatley, Illumina’s President and Chief Executive Officer. "While some uncertainty exists with respect to academic and research funding in the second half of the year, our outlook is generally as we anticipated. Accordingly, we are re-affirming our 2012 revenue guidance and increasing our non-GAAP earnings per fully diluted share guidance to between $1.50 - $1.60 (previously $1.40 - $1.50)."

iRobot (IRBT) reported 2Q'12 results after the market closed yesterday (02012.07.24). IRBT hit a new 52-week low of $19.09 yesterday before closing at $19.49. 52-week range: $19.09 - $38.33. In a nutshell: Home robot business doing great. Military robot business struggling. iRobot is expanding its Healthcare robot business.

Level 3 Communications (LVLT) reported 2Q'12 results prior the market opening today (02012.07.25). LVLT closed yesterday (02012.07.24) at $20.42. 52-week range: $16.51 - $36.00. From the press release: "We continue to expect to generate positive Free Cash Flow for the second through fourth quarters of 2012, in the aggregate."

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