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Cepheid (CPHD -22%) shares plunge after Q2 earnings fell 38%, hurt by higher costs that masked...

Cepheid (CPHD -22%) shares plunge after Q2 earnings fell 38%, hurt by higher costs that masked strong revenue growth, and the company lowered full-year earnings targets. But Baird believes the weakness could be a buying opportunity, citing CPHD's test menu expansion, highly differentiated positioning and strong base growth; the firm rates shares at Outperform.
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