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All Penny News: LED Medical Diagnostics Announces Successful Results for VELscope(R)


Mississauga, ON -- (SBWIRE) -- 01/26/2016 -- Media, Inc. ( announces its latest article titled "LED Medical Diagnostics Announces Successful Results for VELscope(R)."

Companies mentioned in this article include Illumina Inc. (NASDAQ:ILMN), Cancer Genetics Inc. (NASDAQ:CGIX) and LED Medical Diagnostics Inc. (TSX-Venture:LMD).

Article Excerpt:

U.S.-based Illumina Inc. (NASDAQ:ILMN) is one of the biggest medical diagnostic companies in the world. ILMN has had an excellent run over the past five years, returning more than 150%. In this period, ILMN has seen significant growth in its revenue.

ILMN's performance in the last six months though has been disappointing. In the last six months, the company's shares have dropped almost 22% amid a sell-off in the broad biotechnology sector. ILMN has also come under pressure due to growth worries. For 2016, analysts project sales of $2.56 billion for ILMN. Based on the 2016 consensus sales forecast, ILMN trades at roughly 10x sales.

Despite the sharp pullback, ILMN looks fairly valued at current levels. Cancer Genetics Inc. (NASDAQ:CGIX), another major player in the diagnostics space, is expected to see significant sales growth in 2016. The consensus sales forecast for 2016 is $36.67 million. Based on this forecast, CGIX trades at just under 1x sales. When compared to ILMN, CGIX looks significantly undervalued.

CGIX though is not the only attractively valued company in the medical diagnostics space. Vancouver, British Columbia-based LED Medical Diagnostics Inc. (TSX-Venture:LMD) is attractively valued when compared to the bigger players in the medical diagnostics space.

The full version of this article can be found at:

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