Market Highlight: Edwards Lifesciences (EW), NetSuite (N), Strattec Security (STRT)

Edwards Lifesciences Corp (NYSE:EW) is recommended by analysts at CRT Capital as a stock worth buying. The analysts also set $125 target price on the stock, which was a significant increase from $100 in the previous note. The new target price also suggests nearly 19% potential uptick from the prevailing price. Shares of Edwards Lifesciences Corp (NYSE:EW) have gained more than 77% this year.

On the average, the analysts tracking Edwards Lifesciences Corp (NYSE:EW) have a consensus “Buy” rating and average target price of $100.80 on the stock.

Edwards Lifesciences Corp (NYSE:EW) posted 3Q2014 earnings results that surpassed the estimates and the performance of the like quarter last year. The company earned $0.80 per diluted share in the most recent quarter, which was $0.08 better than what analysts expected but increased 23% from the previous year. Revenue for the quarter was up 22.6% to $607.4 million. The revenue figure also comfortably beat the estimate of $546.3 million.

NetSuite Inc (NYSE:N) posted 3Q earnings results that pounded Wall Street estimates. However, it is important for the investors to understand what helped the solid performance in the quarter. The company benefited a strong U.S. dollar. It does happen that NetSuite Inc (NYSE:N) sees lower expenses when the dollar is strong than the other curries in the regions that the company operators.

NetSuite Inc (NYSE:N) also benefited more in the latest quarter because only a quarter of its total revenue comes from outside the U.S.

NetSuite Inc (NYSE:N) generated revenue of $143.7 million, which was not only up 34% but also surpassed the estimate of $141.6 million. The company earned $0.11 per share, which was better than earnings of $0.04 per share that analysts estimated.

Strattec Security Corp. (NASDAQ:STRT) benefited immensely in its latest quarter because of its association with General Motors Company (NYSE:GM). The company announced earlier this year that it was tapped by GM to fix the problematic ignition switches on the millions of the recalled vehicles. The faulty switches were supplied by a competitor of Strattec Security Corp. (NASDAQ:STRT). The company said sales to GM in the latest quarter reached 44.9 million, up sharply from $15 million in the previous year.

About the Author

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.

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