Needham analyst David Saxon has maintained their neutral stance on COO stock, giving a Hold rating today.
David Saxon has given his Hold rating due to a combination of factors influencing Cooper Co’s performance. The company’s revenue for the first quarter of fiscal year 2025 fell short of expectations, primarily due to weaker results in the Sphere & Other segment and the Fertility segment. Despite this, the earnings per share slightly exceeded predictions. The company’s performance was affected by declines in China and a slow start in the U.S., with expectations that the Contact Lens segment will show more strength in the latter half of the fiscal year. Additionally, the current foreign exchange rates have not been factored into the guidance, which could potentially allow the company to reach or surpass the higher end of its forecasted range.