Celgene Corporation (CELG) Releases Quarterly Earnings Results

On Thursday Celgene chopped $1 billion off its 2020 sales guidance on the low end and $2 billion on the high end

Geneva Advisors LLC now owns 949,845 shares of the biopharmaceutical company's stock worth $118,189,000 after acquiring an additional 41,500 shares during the period.

In related news, insider Terrie Curran sold 1,727 shares of Celgene Corporation stock in a transaction dated Monday, September 25th. Amgen Inc. now has $127.24 billion valuation. Share performance for the month is now at -31.23%. It has outperformed by 72.65% the S&P500.

Amica Pension Fund Board Of Trustees decreased Intel Corp (INTC) stake by 15.74% reported in 2017Q2 SEC filing. Celgene Corp now has $76.33 billion valuation. It is used to find out the best value stocks, 9 being the best. The stock decreased 0.70% or $1.24 on October 27, reaching $175.28. Following the sale, the director now owns 85,551 shares in the company, valued at $12,110,599.56. It has outperformed by 0.30% the S&P500.

Investors sentiment increased to 1.34 in 2017 Q2. Flagship Harbor Advisors LLC raised its holdings in shares of Celgene Corporation by 0.9% in the 1st quarter. 50 funds opened positions while 74 raised stakes. Amp Cap Invsts reported 0.34% stake. Proshare Advisors Lc accumulated 25,495 shares. Stralem And Co reported 135,405 shares stake. Coastline Trust owns 11,300 shares.

Jag Capital Management Llc who had been investing in Celgene Corp. for a number of months, seems to be bullish on the $77.29 billion market cap company. Sigma Invest Counselors Inc accumulated 0.59% or 29,572 shares. First Allied Advisory Incorporated reported 0.48% stake.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 81.6 Percent. It also reduced U.S. Bancorp (NYSE:USB) stake by 11,088 shares and now owns 460,945 shares. Bard C R Inc Com (NYSE:BCR) was raised too.

Celgene Corporation (NASDAQ:CELG) received a Buy rating from 8 analysts. Therefore 100% are positive. On average, equities analysts forecast that Celgene Corporation will post $7.32 earnings per share for the current year. Current market cap is $87.66B and the stock has an EPS of $3.22. As per Thursday, August 4, the company rating was maintained by Barclays Capital. On Friday, August 4 the stock rating was maintained by Cowen & Co with "Buy". The firm has "Buy" rating by Liberum Capital given on Tuesday, October 20. Barclays Capital maintained the shares of CELG in report on Friday, October 13 with "Equal-Weight" rating. Credit Suisse initiated the shares of PRTA in report on Thursday, January 21 with "Outperform" rating. Trading volume for Celgene Corporation was 69.76 Million in its previous trading session. Its down 0.10, from 1.25 in 2017Q1. Also, Director Gilla Kaplan sold 7,500 shares of Celgene Corporation stock in a transaction that occurred on Wednesday, August 2nd.


Several institutional investors and hedge funds have recently made changes to their positions in the company. The purchase, at a price of $31.21, resulted in Robert Hugin bringing total 1.06 million shares. Park National Corp OH now owns 3,158 shares of the biopharmaceutical company's stock worth $330,000 after buying an additional 12 shares during the last quarter. Valley National Advisers has 19,565 shares for 0.24% of their portfolio.

But it's not just buying activity that is creating investor interest in CELG; over the last several weeks, several insiders have sold shares. Tnb Fincl has invested 0.89% in Celgene Corporation (NASDAQ:CELG). Arizona State Retirement System holds 193,618 shares. Bokf Na has 86,972 shares. It is positive, as 21 investors sold bluebird bio Inc shares while 53 reduced holdings. Clover Partners L.P. owns 402,238 shares or 3.34% of their U.S. portfolio. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.12% in Celgene Corporation (NASDAQ:CELG). Hbk Investments Lp holds 0.12% or 104,109 shares in its portfolio. Allstate reported 0.13% stake.

In a report released today, Ian Somaiya from BMO Capital maintained a Buy rating on Celgene (NASDAQ: CELG), with a price target of $148. Therefore 61% are positive. The firm has "Buy" rating given on Thursday, February 18 by Investec. The company was maintained on Thursday, October 26 by Jefferies. BTIG Research downgraded the shares of CELG in report on Wednesday, June 1 to "Neutral" rating.

With a total market value of $0, Celgene Corporation has price-earnings ratio of 30.40 with a one year low of $95.52 and a one year high of $147.17. The firm has "Buy" rating given on Tuesday, October 20 by Panmure Gordon. The rating was upgraded by BMO Capital Markets to "Outperform" on Tuesday, June 6. Wells Fargo maintained Celgene Corporation (NASDAQ:CELG) on Friday, December 4 with "Outperform" rating. The rating was maintained by Stifel Nicolaus on Thursday, July 20 with "Hold". The firm has "Buy" rating given on Friday, July 24 by Cantor Fitzgerald. Investec maintained Go-Ahead Group plc (LON:GOG) on Friday, September 2 with "Buy" rating.

Westwood Management Corp increased Progressive Corp. About 3,005 shares traded.

Since June 15, 2017, it had 0 insider buys, and 3 insider sales for $2.36 million activity. Shares for $1.16 million were sold by CASEY MICHAEL D. 4,785 shares were sold by VESSEY RUPERT, worth $575,038 on Thursday, June 15. The target price per share suggests a potential upside of 15.01 % from the close price of Celgene (NASDAQ:CELG).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Related news:

Hot News

isis-killer-beheading-video-story-top Selma Blair and Rachel McAdams share their terrifying James Toback stories
Oct 29, 2017 - 03:08
No one should ever have to experience this kind of fear, violation, and humiliation, and we are so proud of her for speaking out. Paralyzed and vulnerable, Blair said she remembers thinking, "Well, if I can get out of here without being raped".

isis-killer-beheading-video-story-top Watch Cardi B and Migos' Offset Get Engaged On Stage in Philadelphia
Oct 29, 2017 - 03:07
While people are throwing stones of hateful comments at Cardi B , her life seems to be going fantastically. Migos' Offset proposed to Cardi B on stage last night (October 27).

isis-killer-beheading-video-story-top West Virginia falls to Oklahoma State
Oct 29, 2017 - 02:57
The Mountaineers finished 2 of 15 on third-down opportunities, and didn't get the passing attack cranked up until it was too late. Grier finished 20-of-42 for 285 yards, two touchdowns and four interceptions. "Green is learning to play the ball", Gundy said.

isis-killer-beheading-video-story-top Actress who accused Weinstein of rape condemns abusers
Oct 29, 2017 - 02:55
McGowan said the past few weeks have been hard and "triggering" for her because of news coverage around the Weinstein scandal. She alleges that Weinstein raped her in a hotel room at the Sundance Film Festival in 1997.

isis-killer-beheading-video-story-top Legion kicks off poppy campaign
Oct 29, 2017 - 02:53
Anyone interested in volunteering during the poppy campaign can stop by the legion at 1380 Bertram St., or call the poppy office at 250-762-2961.

isis-killer-beheading-video-story-top Florida Investigating Whether It Can Fire Jim McElwain Without Paying Buyout
Oct 29, 2017 - 02:52
With all the drama in Gainesville, maybe McElwain is smiling because he knows he won't have to deal with it much longer. Those 19 wins tied Steve Spurrier for the second-most victories by a Florida head coach in his first two seasons.

isis-killer-beheading-video-story-top Heart Surgery May Be Less Risky In The Afternoon, Study Suggests
Oct 29, 2017 - 02:51
The findings might mean that in future, high-risk patients may be scheduled to have surgery in the afternoon. Half had surgeries in the morning and the other half had surgeries in the afternoon.

isis-killer-beheading-video-story-top Toro Rosso eyeing Hartley and Gasly for 2018
Oct 29, 2017 - 02:48
Kvyat, he said, had been given plenty of chances but ultimately "didn't do enough to warrant retaining the seat". Dropped Russian Daniil Kvyat has meanwhile left the Red Bull driver programme and is now a free agent.

isis-killer-beheading-video-story-top Pres. Trump greets kids in Oval Office for early Halloween treats
Oct 29, 2017 - 02:39
The White House is suggesting that $45 billion might be a good number for Congress to add to the fight against opioid addiction. It was nearly as if he had something he wanted to say but couldn't quite find the words. "Don't answer.

isis-killer-beheading-video-story-top Two sailors and their dogs rescued after five months adrift at sea
Oct 29, 2017 - 02:36
Their sailboat was deemed unseaworthy and is now drifting out at sea, a Navy spokesman said during the call from the Ashland. Two months into their ordeal, the women began to send distress calls and continued the action each day since.

isis-killer-beheading-video-story-top Ejections overshadow Warriors vs. Wizards game
Oct 29, 2017 - 02:21
The Wizards had a 14-point lead at halftime but ended up losing the game without Beal playing in the second half. Basketball players have long tried to separate the team-mates, members of the coaching staff and the referee.

isis-killer-beheading-video-story-top Putin Launched Four Ballistic Missiles
Oct 29, 2017 - 02:20
The weapon is said to be capable of carrying 12 nuclear warheads and could wipe out a whole country with a single strike. The Kremlin further said President Vladimir Putin was present there and himself test-launched the ballistic missiles .

isis-killer-beheading-video-story-top PM Narendra Modi to media: Raise debate on inner party democracy
Oct 29, 2017 - 01:53
Modi also said that the country has witnessed the positive role played by media in making the Swach Bharat Mission a success. While Modi laid stress on the need for internal democracy, he went on to say that there were many voices within the BJP.

isis-killer-beheading-video-story-top Barack Obama called for jury duty in IL and plans to serve
Oct 29, 2017 - 01:53
While Bush was not selected, he sat through the process and posed for photos with other potential jurors. But jurors in Cook County are paid $17.20 for each day of service, according to the Associated Press.

isis-killer-beheading-video-story-top Madrid to take control amid chaos in Catalonia
Oct 29, 2017 - 01:51
The secessionists say a referendum on October 1 gave them a mandate for independence. "They are trapped by their own rhetoric". Aitor Sanchez, a 30-year-old worker, said he was saddened the government had taken control of Catalonia but it had no choice.