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Cardica, Inc. (CRDC) [hlAlert]

Rating:
Buy CRDC
down 95.19 %

Cardica, Inc. (CRDC) rated Buy with price target $9 by Lazard Capital

Posted on: Monday,  Feb 2, 2009  9:25 AM ET by Lazard Capital

Lazard Capital rated Buy Cardica, Inc. (NASDAQ: CRDC) on 02/02/2009. Previously Lazard Capital rated Buy Cardica, Inc. (NASDAQ: CRDC) on 05/02/2008.,
when the stock price was $7.28. Since then, Cardica, Inc. has lost 95.19% as of 09/10/2015's recent price of $0.35.
If you would have followed the previous Lazard Capital's recommendation on CRDC, you would have lost 95.19% of your investment in 2687 days.

Cardica, Inc. designs and manufactures proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass graft surgery. In these surgery procedures, veins or arteries are used to construct alternative conduits to restore blood flow beyond narrowed or occluded portions of coronary arteries, bypassing the narrowed or occluded portion of the artery that is impairing blood flow to the heart muscle. Our first two products, the C-Port Distal Anastomosis System, and the PAS-Port Proximal Anastomosis System, provide cardiovascular surgeons with easy-to-use automated systems to perform consistent, rapid and reliable connections, or anastomoses, of the vessels, which surgeons generally view as the most critical aspect of the bypass procedure.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Our goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Our industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/2/2009 9:25 AM Buy
None
3.29 9.00
as of 12/31/2009
1 Week up  339.65 %
1 Month up  343.47 %
3 Months up  237.74 %
1 YTD up  45.71 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/7/2008 8:25 AM Buy
None
6.74 16.00
9/10/2008 8:25 AM Buy
None
10.39 20.00
5/2/2008 8:25 AM Buy
None
7.28 14.00

(*) Stock Price at the time of the recommendation.
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