Before it's here, it's on the Bloomberg Terminal. For example, the Illumina, Inc. (NASDAQ:ILMN) share price is up 88% in the last five years, slightly above the market return. The firm owned 20,322 shares of the life sciences company’s stock after purchasing an additional 153 shares during the period. Both the UK Competition Market Authority and … And oncology is a growing and promising area for the company. While maintaining that Illumina stock is greatly overvalued, Waterhouse, the Morningstar analyst, said the company continues to perform well, with an estimated market share of 75 percent. By Data Bridge Market Research on January 18, 2021 . 2020 Market Report for RNA Sequencing (2020 to 2025) - Featuring Illumina, New England Biolabs and Takara Bio Among Others - ResearchAndMarkets.com December 15, 2020 04:37 AM Eastern Standard Time In November 2017, Illumina announced the l… Novo Gene. Illumina Inc. stock rises Tuesday, outperforms market Jan. 19, 2021 at 5:26 p.m. Before getting to why Illumina shares are looking attractive, we should add a bit of background on the failed Pacific Biosciences deal. PerkinElmer. When she’s not analyzing companies, she can be found writing fiction or trying to speak French as well as her 9-year-old daughter. All of this doesn't mean that Illumina is a good company or a bad one. Illumina and IDbyDNA Launch DNA Test That May Find Next Epidemic, Illumina to Buy Gates, Bezos-Backed Grail in $8 Billion Deal, Illumina Grail Deal Wipes Out $3.5 Billion More Than It’s Worth, Illumina to Buy Bezos-Backed Firm Grail in $8 Billion Deal, Illumina to Buy Bezos-Backed Cancer Firm Grail for $8 Billion, Illumina Said Close to Buying Bezos-Backed Cancer Firm Grail, Illumina Wins Patent Infringement Suit against BGI in the UK, Asia Pacific Single-cell Analysis Market worth $1,375 million by 2025 - Exclusive Report by MarketsandMarkets™, FluroTech Announces Appointment of Regulatory Consultant, New Bioinformatics Solution Powers Multi-Omics Discovery at Massive Scale, Illumina Announces New and Expanded Oncology Partnerships with Bristol Myers Squibb, Kura Oncology, Myriad Genetics, and Merck, Myriad Genetics Forms Strategic Partnership with Illumina in Oncology, Pacific Biosciences Announces Appointments of Mark Van Oene as Chief Operating Officer and Peter Fromen as Chief Commercial, Illumina and Helix Collaborate to Assess Prevalence of New SARS-CoV-2 UK Variant (B.1.1.7) in the US and Develop National, Laboratory Information Management System (LIMS) Market Will Accelerate at a CAGR of Over 9% Through 2020-2024 and Grow the, Illumina to Webcast Upcoming Investor Conference Presentations, 'Bloomberg Real Yield': Fragmented Vaccination Rollout, 5200 Illumina Way Illumina and its smaller rival both sell devices to sequence genomes. Illumina reported a 10% increase in revenue to $953 million and a more than 28% increase in non-GAAP earnings per share of $1.70, surpassing analysts' estimates. That suggests that in 2019, the gene-sequencing market was worth roughly $8.9bn, and given Illumina's revenues in 2019 were $3.54bn, the company's share of the total market was ~40%. The short-read and long-read technologies are complementary, suited for different applications, instead of directly competing for the same projects. The short-read and long-read technologies are complementary, suited for different applications, instead of directly competing for the same projects. Touch device users, explore by touch or with swipe gestures. Illumina offered $1.2 billion, the equivalent of $8 a share, in an all-cash transaction. Ltd. - mRNA Sequencing Market Size, Status and Forecast to 2025: Agilent Technologies, Roche, GE Healthcare, Illumina - … The news is actually not all that bad for Illumina. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Illumina, Inc. acquired the top position in the market owing to the increasing sales of its products. Canada markets close in 3 hours 4 minutes. United States. Qiagen. In terms of … Wall Street's average price target means about 15% upside from the current price. Illumina's market cap was around $42.9 billion at the time of writing, which is March 2019. As for earnings, as mentioned above, the company stumbled in the second quarter, but the fourth quarter showed that things are back on track. One reason concerns the price of the acquisition. Illumina’s products include a wide range of sequencing, genotyping, gene expression, molecular diagnostic platforms, consumables, and services. Illumina, Inc. (ILMN) … S&P/TSX 17,885.09-129.82 (-0.72%) S&P 500 3,848.34-3.51 (-0.09%) DOW 31,138.52-49.86 (-0.16%) MARKETS LIVE BLOG. Oxford Nanopore Technologies. The global next-generation sequencing market for clinical oncology alone is set to grow at a compound annual growth rate of more than 13% to reach $1.5 billion by 2025, according to Grand View Research. Market Share. Zooming in, the stock is up a respectable 5.3% in the last year. Illumina. For companies with multiple common share classes, market capitalization includes both classes. Illumina had a return on equity of 15.93% and a net margin of 19.70%. Illumina, Inc., F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific Inc., to Account for the Largest Market Share in Terms of Revenue Illumina, Inc., F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific Inc.,are estimated to acquire leading position in this market owing to their diversified product portfolio, strong geographical presence, and strategic partnerships. Results of these efforts won't happen overnight. He … Illumina, Inc. write a review Next-generation sequencing, the business of Illumina, means sequencing genomes at a high speed and a low cost. Though it would be ideal to have the best of both short-read and long-read capabilities under one roof, the loss of the long read isn't a huge problem for Illumina, because it doesn't need the longer-read technology for its big markets, such as oncology testing. Thermo Fisher. Roche. Illumina won't necessarily bring great gains quickly, but it is a stock that is worth holding on to for the long term thanks to its position in the market and future growth opportunities. Furthermore, Illumina i… Illumina stock was originally listed at a price of $19.59 in Jul 28, 2000. San Diego, CA 92122 During the same period last year, the company earned $1.93 earnings per share. Global Microbiome Sequencing Market Industry Trends, Size, Share, Growth Applications, SWOT Analysis by Top Key Players and Forecast Report to 2026| Cosmosid Inc; Illumina, Inc.; Metabiomics Corp.; Oxford Nanopore Technologies; BaseClear B.V.; BGI. Pacific Biosciences. Considering the possibilities in the oncology market, Illumina's recent deal with fellow biotech stock Roche offers more good news. By a twist of fate, she started her career writing about biotech in Boston and discovered that each company is the source of many fascinating stories. WuXi AppTec. But recent news should give investors reason to take a look at Illumina shares. According to Morningstar, Illumina holds an estimated 70% share of the sequencing market. The good news here is investors will likely find various attractive entry points to Illumina this year. @themotleyfool #stocks $ILMN $RHHBY $PACB, 3 Unstoppable Stocks To Buy Before or After the Election, Why Illumina's Q3 Results Were Better Than They Might Seem, Illumina Inc (ILMN) Q3 2020 Earnings Call Transcript, The 1 Stock Most Likely to Win From a Potentially Game-Changing Coronavirus Discovery, Copyright, Trademark and Patent Information. Macrogen. Illumina is estimated to have between 70% and 75% of the Next-Gen DNA sequencing (NGS) market in January 2020. ILLUMINA, INC. : Forcasts, revenue, earnings, analysts expectations, ratios for ILLUMINA, INC. Stock | ILMN | But in our experience, buying the right stocks can give your wealth a significant boost. STOCKS DRIFT NEAR RECORDS AS BIDEN PREPARES MORE PANDEMIC MEASURES . Furthermore, Illumina is developing long-read technology in-house, and it's already a leader in the overall sequencing field. Over the past three years, Illumina has launched several products in the market. Illumina BeadChip. Illumina specializes in "short reads" of genetic material, while Pacific Biosciences focuses on "long reads," which involve longer portions of DNA. These fundamental indicators attest to how well Illumina utilizes its assets to generate profit and value for its shareholders. The company expects revenue growth in the range of 9% to 11% for the 2020 fiscal year and forecasts non-GAAP (adjusted) earnings per share of $6.80 to $7.00, up slightly from this year's $6.57. In the announcement, Illumina and Roche said they would collaborate to boost the adoption of sequencing-based tests in oncology. ET by MarketWatch Automation PerkinElmer Inc. stock rises Tuesday, still underperforms market Find the latest Illumina, Inc. (ILMN) stock quote, history, news and other vital information to help you with your stock trading and investing. Agilent Technologies. Stock Advisor launched in February of 2002. Others: Global DNA Next Generation Sequencing Market Report Scope: Research Report offers a forecast for the global DNA Next Generation Sequencing market between 2019 and 2026. Illumina dropped the deal after regulatory agencies cited concerns, saying the operation would create a monopoly. Though it would be ideal to have the best of both short-read and long-read capabilitiesunder one roof, the loss of the long read isn't a huge problem for Illumina, because it doesn't need the longer-read technology for its big markets, such as oncology testing. Let's see the steps now! The company reported fourth-quarter earnings that topped estimates, announced a collaboration agreement with Roche (OTC:RHHBY), and launched two new sequencing systems. That followed a lackluster year for Illumina's shares, which took a 19% hit in July  as the company reported lower-than-expected revenue in the second quarter. In its recent earnings call, Illumina said oncology makes up 20% of its total sequencing consumables, which include items like test kits, and this segment grew some unspecified amount faster than the 20% growth in total clinical consumables, to an overall $830 million, in 2019. . This EPS growth is slower than the share price growth of 21% per year, over the same period. BGI. If you had invested in Illumina stock at $19.59, your return over the last 20 years would have been 1,960.45%, for an annualized return of 16.33%. On average, equities analysts predict that Illumina, Inc. will post 4.39 earnings per share for the current fiscal year. Press release - HTF Market Intelligence Consulting Pvt. As part of this example you might want to get reminded of what you are considering investing in though. Roche will develop and distribute in vitro diagnostic tests on certain Illumina systems, and the two companies will collaborate on technology to complement Illumina's pan-cancer assay, TruSight Oncology 500. Global Cell Analysis Market (2020 to 2027) - Featuring Danaher, Illumina & Merck Among Others - ResearchAndMarkets.com January 14, 2021 08:43 AM Eastern Standard Time. The company's revenue was down 12.5% on a year-over-year basis. Illumina Inc s' competitors and its Market Share by segment - CSIMarket Berry Genomics. Illumina CEO Francis deSouza said that at the moment most clinical oncology revenue is coming from testing, but in the years to come, screening and monitoring may represent "potentially much larger opportunities.". Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Illumina Stock a Buy? 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