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Illumina Stock Has Jumped 45% Year-to-Date

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Stock performance

On November 26, Illumina (ILMN) stock closed at $316.79, a rise of ~2.03% from its previous close of $310.50 on November 23. Illumina stock rose from $218.49 at the close of market on December 29, 2017, to reach $316.79 at the close of market on November 26, 2018, reflecting a ~45% year-to-date rise.

On November 26, Illumina stock closed at $316.79, a ~53% rise from its 52-week low of $207.51 on February 6. Illumina had a consensus 12-month target price of $372.61 on September 28.

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Financials in a nutshell

Illumina’s net revenue in the first nine months of 2018 amounted to $2.5 billion compared to $2.0 billion in the same period of the previous year, reflecting a ~25% rise YoY (year-over-year). Illumina generated revenue of $2.0 billion from product sales in the first nine months of 2018 compared to $1.6 billion in the same period of 2017, reflecting ~23% YoY growth.

Illumina’s net revenue from services amounted to $455.0 million in the first nine months of this year compared to $344.0 million in the same period last year. Wall Street analysts expect Illumina to report net revenue of $3.3 billion in 2018.

The company’s net operating expenses amounted to $1.0 billion in the first nine months of 2018 compared to $908.0 million in the same period of the previous year.

Illumina’s net income and diluted EPS in the first nine months of 2018 amounted to $616.0 million and $4.15, respectively, compared to $657.0 million and $4.45, respectively, in the same period last year.

Analysts’ recommendations

Of the 19 analysts tracking Illumina in November, six have recommended “strong buys,” while eight have recommended “buys” on the stock. Five analysts have recommended “sells” on the stock. On November 27, Illumina had a consensus 12-month target price of $359.75, which represents a ~13.56% return on investment over the next 12 months.

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