by Zacks Equity ResearchDecember 10, 2012 | Comments : 0 Recommended this article: (0)
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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.
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