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Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| LUMOS NETWOR | LMOS | 4.52% |
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| SUPPORTCOM I | SPRT | 3.53% |
| SHORETEL INC | SHOR | 3.35% |
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Biogen increased its earnings outlook for 2012 and now expects EPS to exceed $6.20. Estimates have been on the rise following the release of strong second quarter results. The Zacks Consensus Estimate for 2012 has gone up by 19 cents to $6.33 per share. We are upgrading the stock to Outperform.
Key products Avonex and Tysabri should continue contributing significantly to sales. BG-12 should help drive long-term growth. Meanwhile, Biogen's restructuring initiative should help drive the bottom line. We are also pleased with Biogen's efforts to streamline its pipeline.
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