Diamonds and Dogs
DexCom (DXCM) jumps on earnings. The glucose monitoring (CGM) device maker is jumping 10% after beating earnings as revenue rose 16.8% to $815.2 million. Dexcom proved inline guidance, but may see upside guidance later in the year as the company introduces their new G7 glucose monitoring (CGM) systems in the US.
Lyft (LYFT) not getting a lift. The ride-hailing company is down 35% not far from a 52 week low after missing estimates despite signs of recovery in the rideshare market. Lyft seems to be struggling to compete with Uber due to their network and scale advantages. Six analyst downgrades today with JP Morgan lowering their price target from $29 to $15.
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