Celgene Corp (CELG)

CELG (NASDAQ:Drugs) EQUITY
$94.88
neg -1.40
-1.50%
Today's Range: 94.74 - 96.78 | CELG Avg Daily Volume: 4,326,200
Last Update: 06/27/16 - 10:56 AM EDT
Volume: 1,382,096
YTD Performance: -19.61%
Open: $95.56
Previous Close: $96.29
52 Week Range: $92.98 - $140.72
Oustanding Shares: 774,601,496
Market Cap: 77,971,386,587
6-Month Chart
TheStreet Ratings Grade for CELG
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
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Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 13 13 13 12
Moderate Buy 1 1 1 1
Hold 3 3 3 3
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.41 1.41 1.41 1.44
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 48.63
Price Earnings Comparisons:
CELG Sector Avg. S&P 500
48.63 48.80 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-4.24% -19.15% 70.41%
GROWTH 12 Mo 3 Yr CAGR
Revenue 20.70 0.70 0.19
Net Income -19.90 0.10 0.03
EPS -18.80 0.20 0.06
Earnings for CELG:
EBITDA 2.96B
Revenue 9.26B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.24 $1.32 $5.04 $6.29
Number of Analysts 3 3 3 3
High Estimate $1.26 $1.36 $5.06 $6.34
Low Estimate $1.21 $1.29 $5.01 $6.23
Prior Year $1.08 $1.12 $4.08 $5.04
Growth Rate (Year over Year) 14.51% 17.86% 23.45% 24.82%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
The stock could be bottoming ... or headed lower.
Large biotech stocks are still at their cheapest valuations since 2011.
A lost leader in Celgene and a Perrigo rumor have put a scare in the charts.
This is the group that is the most dangerous politically.

Takeaways and Observations Real Money Pro($)

It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. dollar weakened. Oil, stronger in the morning, weakened in

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was unchanged. Crude oil was up a beaner to nearly $50 a barrel. Nat gas up two cents. Gold was up $4.40 to $1,247 but still in a downtrend. Agricultural commodities were on another tear: wheat +9.75, corn +9.00, soybean +7.00 and oats +6.00. Fertilizer stocks, such as Potash (POT), are responding. Bonds were weaker in price, higher in yield. iShares 20+ Year Treasury Bond ETF (TLT) was up nearly a buck. The yield of the 10-year U.S. note was up two-and-a-half basis points to 1.73%. The long bond was up by three basis points to 2.554%. The 2s/10s spread still is at 93 basis points. High yield prospered, with iShares iBoxx High-Yield Corporate Bond ETF (HYG) up 40 cents and SPDR Barclay High Yield Bond ETF (JNK) up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) hit another new high, rising 18 cents to $14.66. Banks rallied, but not intensely, perhaps because of continuing flat yield curve. Brokerages were stronger with Goldman Sachs (GS) up $2 (it got 250,000 summer intern applications!) Insurance stocks were firmer, with Lincoln National (LNC) up $1.10, or 2.5%; my long Hartford Financial Services Group (HIG) lagged, up only 15 cents. Old tech lagged with little price change. Biotech was up, with iShares Nasdaq Biotechnology ETF (IBB) rising more than $4 and led by Celgene (CELG). Acadia Pharmaceuticals (ACAD), a former biotech basket member, was up nearly 13%, or $4.60. I sold out of the space last week. Autos was up small. Retail was disappointing, with most in the space marginally higher or down. Home Depot (HD) and Lowe's (LOW) were low points Ag equipment was stronger, with Deere (DE) and Caterpillar (CAT) both up. Energy stocks surged, led by Schlumberger (SLB), up $3.50. Media was a noticeable underperformer, with Comcast (CMCSA) and Disney (DIS) flat. (T)FANG underperformed, with Alphabet (GOOGL) down almost $6 and Facebook (FB) barely higher. NOSH was mixed, with Nike (NKE) and Starbucks (SBUX) better but O'Reilly Automotive (ORLY) and HD lower. In individual stocks, POT was a highlight, up $1.20, perhaps on higher ag prices. Oaktree Capital Group (OAK) climbed $2.50 on a favorable Barron's article. Here are some value-added columns on our site today: Ben "Goldfinger" Cross likes gold.  "Diamond" James Gentile on what the rate of rate rise means for stocks.  Cramer and Mohr on the soft dollar benefits.  Rev asks does the market even care what Yellen says?   Jeremy LaKosh on the labor market.

My Latest Trades Real Money Pro($)

I sold my SPY June $208 puts at breakeven a few minutes ago. There are only two weeks left until this put expires, so I'm moving on. I've liquidated the balance of my four-stock

My Morning Musings Real Money Pro($)

The Materials Select Sector SPDR ETF (XLB) -- this week's Short Trade of the Week -- initially fell, but ended higher on the day. I plan to add to this short today on any further strength. The Consumer Staples Select Sector SPDR ETF (XLP), last week's Short Trade of the Week, also rose. Defensive staples were strong throughout the afternoon. I've moved my short book's emphasis over the past several weeks to individual securities and sectors and away from broad bets like shorts of the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ ETF (QQQ). That's because the former is working better than the l

My Takeaways and Observations Real Money Pro($)

The U.S. dollar advanced modestly. I continue to see more strength ahead, which should help my Consumer Staples Select Sector SPDR ETF (XLP) short (last week's Trade of the Week) and my XLB short (this week's Trade of the Week). Crude oil declined by 42 cents and is under $49. I am short energy stocks and I wouldn't be surprised if oil prices rolled over in the face of (1) the recent rip and (2) more evidence of slowing domestic economic growth. Nat gas rose by 12 cents. Gold rose by $2.80 and is trading at $1,219; my guess is $1,150 before $1,300, but this is a non-rigorous guess! Agricultural commodities got schmeissed: wheat -15.50, corn -7.75 (UBS raised Deere (DE) based on higher corn prices -- we will see!), soybeans -8.0 and oats -3.75. Lumber -6.40. Bonds were better bid. The yield on the 10-year note was down a basis point at 1.83% and the long bond also was basis point lower at 2.635%. Municipals were slightly higher in price and lower in yield. Closed-end municipal bond funds were mixed. High yield was sold. Blackstone/GSO Strategic Credit Fund (BGB) was flat after making a near-term high earlier in the morning at $14.40. Banks reversed to the downside after morning gains. I would continue to avoid them, but I am in the minority. Seems like every talking head now loves the space after rejecting banks at the lows. Insurance got hit, though my long Hartford Financial Services Group (HIG) outperformed Lincoln National (LNC) and MetLife (MET) --- a good thing. Brokerages also reversed good gains in the a.m. I'm not interested here with capital markets dull and trading light. iShares Nasdaq Biotechnology ETF (IBB) was up $3 but off the day's highs. AGN now is reversing back into the red. Valeant (VRX) can't rally. Gilead Sciences (GILD), Celgene (CELG) and Intrexon (XON) -- three other recent additions -- are trading well. Energy stocks were conspicuously weak despite a quiet day in the commodity. Media, led by Disney (DIS), was weaker. I addressed DIS earlier in the day. Staying short. Autos turned lower, but fractionally so. I still endorse the Peak Autos thesis. Agricultural equipment was trading better on the Deere upgrade, but sense it will be short-lived. Retail was mixed, but my shorts Nordstrom (JWN) and Foot Locker (FL) were lower by about half a beaner. I have no longs and don't anticipate a move in the retail space on the long side. Staples were broadly lower, a good thing for last week's Trade of the Week, short XLP. TFANG was buoyed by another new high in Amazon (AMZN), up $8.50. Others were fading. NOSH -- all four names were lower, led by Home Depot (HD), O'Reilly Automotive (ORLY) and Nike (NKE). In individual names, Potash (POT) suffered a downgrade by Stifel.  The MIghty Oak, Oaktree Capital Group (OAK), was up on the day. Twitter (TWTR) continues to rally, albeit from low levels. Apple was down $1.10 on the upgrade cycle lengthening news (see above). Mortgage insurance was flat.  Here are five good columns from Real Money Pro today: Jim "El Capitan" Cramer sees bargains. I see few sectors or stocks that meet my standards of value. Ben "Goldfinger" Cross sees the credibility of the Fed put to the test. This is a refrain of mine for the last 12 months.  Tom Graff asks what numbers are most meaningful to the Fed. Tim "Not Judy or Phil" Collins on alphabet soup!  Divine defines sentiment  and RevShark goes Tina Turner on us.
CELG needs to close above its April highs to kickstart a rally to around the $120 area.

Columnist Conversations

In just a couple of days, the US equity markets have lost well over 6% from the highs in after hours (futures ...
It wouldn't be shocking to see a nice turnaround later today after all the pent-up, and margin call selling is...
we had long spy call as part of a strangle, we'll exit here SOLD SPY JULY 209 CALL AT .47 (in at 3)
We are letting the dust settle before we weigh in on stepping up and taking advantage of the current sell off ...

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