Weekly 3-Year Low Highlight: EW, NUAN, MNK, CROX, IRDM

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Nov 04, 2013
According to GuruFocus list of 3-year lows: Edwards Lifesciences Corporation, Nuance Communications Inc, Mallinckrodt PLC, Crocs Inc, and Iridium Communications Inc. have all reached their 3-year lows.

Edwards Lifesciences Corporation (EW, Financial) Reached the 3-year Low of $64.28

The prices of Edwards Lifesciences Corporation (EW) shares have declined to close to the 3-year low of $64.28, which is 44.4% off the 3-year high of $110.79.

Edwards Lifesciences has a market cap of $7.22 billion; its shares were traded at around $64.28 with a P/E ratio of 18.30 and P/S ratio of 3.68. Edwards Lifesciences had an annual average earnings growth of 13.30% over the past 10 years. GuruFocus rated Edwards Lifesciences the business predictability rank of 4.5-star.

Edwards Lifesciences recently released its third quarter 2013 results. For this quarter ended Sept. 30, 2013, Edwards reported net income of $77 million ($0.68 per share) compared to net income of $69 million ($0.58 per share) prior year quarter. Third quarter net sales increased by 11% to $496 million.

Nuance Communications (NUAN, Financial) Reached the 3-year Low of $15.57

The prices of Nuance Communications (NUAN) shares have declined to close to the 3-year low of $15.57, which is 50.5% off the 3-year high of $31.15.

Nuance Communications has a market cap of $4.83 billion; its shares were traded at around $15.57 with a P/E ratio of 141.50 and P/S ratio of 2.65. Nuance Communications had an annual average earnings growth of 23.10% over the past 10 years. GuruFocus rated Nuance Communications the business predictability rank of 3.5-star.

For its third quarter of 2013, Nuance Communications reported revenue growth of 8.8% to $469.8 million and GAAP net loss of $35 million compared to net income of $79.3 million prior year quarter. Non-GAAP net income was $109.5 million compared to $143.7 million last year.

1 Guru Decreased Positions: CEO Paul Ricci sold 250,000 shares of NUAN stock on Oct. 1 at the average price of $18.87.

Mallinckrodt PLC (MNK, Financial) Reached the 3-year Low of $42.88

The prices of Mallinckrodt PLC (MNK) shares have declined to close to the 3-year low of $42.88, which is 18.0% off the 3-year high of $50.00.

Mallinckrodt PLC has a market cap of $2.47 billion; its shares were traded at around $42.88 .

1 Guru Initiated Positions: Vanguard Health Care Fund bought 500,325 shares in the quarter that ended on Sept. 30, which is 0.075% of the $29.46 billion portfolio of Vanguard Health Care Fund.

Crocs Inc. (CROX, Financial) Reached the 3-year Low of $12.44

The prices of Crocs (CROX) shares have declined to close to the 3-year low of $12.44, which is 63.2% off the 3-year high of $32.47.

Crocs has a market cap of $1.09 billion; its shares were traded at around $12.44 with a P/E ratio of 14.80 and P/S ratio of 0.93.

For its third quarter of 2013, Crocs reported revenues of $288.5 million, gross margin of 53.2% and net income of $13.0 million. This compares to revenues of $295.6 million and net income of $45.1 million in the same period of 2012.

Iridium Communications (IRDM, Financial) Reached the 3-year Low of $5.45

The prices of Iridium Communications (IRDM) shares have declined to close to the 3-year low of $5.45, which is 47.7% off the 3-year high of $10.04.

Iridium Communications has a market cap of $418.182 million; its shares were traded at around $5.45 with a P/E ratio of 10.30 and P/S ratio of 1.71.

Iridium Communications Inc. reported an increase in billable subscriber growth of 10% year-over year.

1 Guru Initiated Positions: Mario Gabelli bought 43,000 shares in the quarter that ended on June 30, which is 0.0021% of the $15.91 billion portfolio of GAMCO Investors.

Go here for the complete list of 3-year lows.