Sientra shares are trading lower after the company reported preliminary Q3 revenue results below estimates and said it is exploring strategic alternatives. Additionally, Craig-Hallum downgraded the stock from Buy to Hold and announced a $2 price target.
Portfolio Pulse from Benzinga Newsdesk
Sientra's shares are trading lower after the company reported preliminary Q3 revenue results below estimates. The company is also exploring strategic alternatives. Craig-Hallum downgraded the stock from Buy to Hold and announced a $2 price target.
October 31, 2023 | 3:28 pm
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Sientra's stock is trading lower due to disappointing Q3 revenue results and a downgrade from Craig-Hallum. The company is also exploring strategic alternatives.
Sientra's lower than expected Q3 revenue results and the downgrade from Craig-Hallum are likely to negatively impact the stock price in the short term. The announcement of exploring strategic alternatives also adds uncertainty, which can further pressure the stock.
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IMPORTANCE 80
RELEVANCE 100