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Rating: CPHD

Cepheid (NASDAQ: CPHD) downgraded to Hold by Needham

Wednesday,  Oct 21, 2015  8:25 AM ET by Kristen Bailey

Needham downgraded Cepheid (NASDAQ: CPHD) to Hold. Needham
rated Cepheid (NASDAQ: CPHD) to Buy with price target $47 on 10/14/2015, when the price was $33.52.

Cepheid, Inc. develops, manufactures and markets microfluidic systems that integrate, automate and accelerate biological testing. Their systems are miniaturized instruments that analyze complex biological samples in a disposable cartridge by combining molecular biology with microfluidic technology that processes small quantities of liquid, typically using components fabricated with computer chip technology. These systems rapidly perform all of the steps required to analyze complex biological samples.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.

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