Cyberonics (CYBX) - Bull of the Day

By Zacks.com,  December 10, 2012, 12:00:01 AM EDT

Cyberonics Inc. ( CYBX ) reported a 37.5% year over year growth in adjusted EPS of 0.44 in the second quarter 2013, surpassing the Zacks Consensus Estimate of $0.39. Revenues increased 17% to $63.0 million, beating the Zacks Consensus Estimate of $60 million.

The EPS upside was on the back of huge operating margin expansion coupled with 33% reduction in interest expenses. Moreover, robust demand for the redesigned AspireHC generator led to improvement in epilepsy revenues. Meanwhile, in order to expand its international base, Cyberonics is strengthening its pipeline as well as investing in sales and marketing especially in Europe and Japan.

Based on its strong growth potential, the company has increased fiscal 2013 guidance. Accordingly, we maintain Outperform rating on the stock.

CYBERONICS INC (CYBX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Investing Ideas, Stocks

Referenced Stocks: CYBX



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