On Wednesday, the shares of Volcano Corp surged 55.3% following news that Koninklijke Philips N.V (PHG) will buy the company for $1.2 billion.
We certainly think that this might be the case, particularly if you consider VOLC’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as VOLC has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.
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