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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

10/10/14

Exact Sciences Corporation (EXAS)

Exact Sciences is looking great today, up 35.76% to $24.60. The molecular diagnostics company saw its shares pop after Medicare officials recommended a $502 reimbursement for Exact Sciences colon cancer screening test. Colonguard is a non-invasive colon cancer screening test and was expected to see a reimbursement of $100-$500, so the news of $502 is above expectations. Shares of Exact Sciences climbed nearly $6.50 today and reached a new 52-week high of $26.79.

Procera Networks Inc. (PKT)

Procera Networks is seeing red today, down 33.33% to $5.70. The intelligent policy enforcement company saw its shares crash after releasing preliminary earnings. For the third quarter, management announced it expects revenue of $16 million which is a 25% decrease year over year. Furthermore, the company expects its full year revenue to be $70-75 million. Both numbers missed analysts' estimates $22.64 million and $85.16 million respectively. Shares of Procera fell to a new 52-week low of $5.61 intraday.
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