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Cytek Biosciences (CTKB) Company Overview

Profile

Full Name:

Cytek Biosciences, Inc.

Sector:

Healthcare

Country:

United States

IPO:

July 23, 2021

Indexes:

Not included

Description:

Cytek Biosciences (CTKB) specializes in advanced flow cytometry technology. They develop innovative tools and solutions for cell analysis, helping researchers in life sciences and clinical applications. Their products enhance the understanding of cell biology, enabling better disease diagnosis and treatment.

Key Details

Price

$5.61

Annual Revenue

$193.01 M(+17.67% YoY)

Annual EPS

-$0.09(-550.00% YoY)

Beta

1.62

Events Calendar

Earnings

Next earnings date:

Feb 28, 2025

Recent quarterly earnings:

Nov 5, 2024

Recent annual earnings:

Feb 28, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 11, 24 Piper Sandler
Overweight
Aug 13, 24 Piper Sandler
Overweight
May 13, 24 Piper Sandler
Overweight
Mar 6, 24 Piper Sandler
Overweight
Feb 29, 24 Goldman Sachs
Buy
Dec 14, 23 Stephens & Co.
Overweight
Nov 9, 23 Morgan Stanley
Equal-Weight
Oct 24, 23 Morgan Stanley
Equal-Weight
Oct 16, 23 Piper Sandler
Overweight
Jul 19, 23 Raymond James
Market Perform

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Upgrading Cytek Biosciences Stock On An Upcoming Catalyst
Upgrading Cytek Biosciences Stock On An Upcoming Catalyst
Upgrading Cytek Biosciences Stock On An Upcoming Catalyst
CTKB
seekingalpha.comJanuary 9, 2025

I'm upgrading Cytek Biosciences from "Hold" to "Buy" due to improving financials, expanding installed base, and strong demand for Aurora and Northern Lights systems. Cytek's Q3 FY2024 revenue up 7% YoY, driven by international demand; service revenue surged 25% YoY, boosting recurring revenue streams. The recently announced buyback plan went unnoticed, based on the EPS estimates revisions.

Cytek Biosciences Announces $50 Million Stock Repurchase Program for 2025
Cytek Biosciences Announces $50 Million Stock Repurchase Program for 2025
Cytek Biosciences Announces $50 Million Stock Repurchase Program for 2025
CTKB
globenewswire.comDecember 30, 2024

FREMONT, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, today announced that its Board of Directors has approved a stock repurchase program for up to an additional aggregate of $50 million of its common stock, subject to compliance with applicable law, to succeed the expiration of the existing $50 million repurchase program on December 31, 2024.

Cytek® Biosciences Named “Overall BioTech Company of the Year” in 2024 BioTech Breakthrough Awards Program
Cytek® Biosciences Named “Overall BioTech Company of the Year” in 2024 BioTech Breakthrough Awards Program
Cytek® Biosciences Named “Overall BioTech Company of the Year” in 2024 BioTech Breakthrough Awards Program
CTKB
globenewswire.comNovember 19, 2024

FREMONT, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) announced today that it has been named “Overall BioTech Company of the Year” in the fourth annual BioTech Breakthrough Awards program.

Cytek Biosciences, Inc. (CTKB) Q3 Earnings and Revenues Beat Estimates
Cytek Biosciences, Inc. (CTKB) Q3 Earnings and Revenues Beat Estimates
Cytek Biosciences, Inc. (CTKB) Q3 Earnings and Revenues Beat Estimates
CTKB
zacks.comNovember 5, 2024

Cytek Biosciences, Inc. (CTKB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.01 per share a year ago.

Cytek Announces Resignation of Chief Operating Officer Chris Williams
Cytek Announces Resignation of Chief Operating Officer Chris Williams
Cytek Announces Resignation of Chief Operating Officer Chris Williams
CTKB
globenewswire.comSeptember 12, 2024

FREMONT, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, today announced that its Chief Operating Officer, Chris Williams, will resign his position effective September 27, 2024, to accept a CEO position at another company. Cytek has chosen not to replace the COO position, opting instead to restructure the organization to create a flatter, more efficient management structure.

Cytek Biosciences, Inc. (CTKB) Q2 2024 Earnings Call Transcript
Cytek Biosciences, Inc. (CTKB) Q2 2024 Earnings Call Transcript
Cytek Biosciences, Inc. (CTKB) Q2 2024 Earnings Call Transcript
CTKB
seekingalpha.comAugust 11, 2024

Cytek Biosciences, Inc. (NASDAQ:CTKB ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Paul Goodson - Investor Relations Wenbin Jiang - Chief Executive Officer William McCombe - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Luella, and I will be your conference operator today.

Cytek® Biosciences Automates Panel Design with New Intelligent Algorithm
Cytek® Biosciences Automates Panel Design with New Intelligent Algorithm
Cytek® Biosciences Automates Panel Design with New Intelligent Algorithm
CTKB
globenewswire.comJuly 30, 2024

Cytek has developed a revolutionary tool to automate panel design. SpectroPanel is an intelligent algorithm that suggests optimized panels in minutes.

Cytek® Biosciences Adds Ability to Detect Subcellular Particles to Its Industry-Leading Cell Analysis Systems
Cytek® Biosciences Adds Ability to Detect Subcellular Particles to Its Industry-Leading Cell Analysis Systems
Cytek® Biosciences Adds Ability to Detect Subcellular Particles to Its Industry-Leading Cell Analysis Systems
CTKB
globenewswire.comMay 20, 2024

FREMONT, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Today Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, officially announced its Enhanced Small Particle (ESP™) Detection Option for its flagship Cytek Aurora™ and Cytek Northern Lights™ cell analysis systems.

Cytek® Biosciences to Spotlight Cell Analysis Solutions at Upcoming Conferences in the United States and Europe
Cytek® Biosciences to Spotlight Cell Analysis Solutions at Upcoming Conferences in the United States and Europe
Cytek® Biosciences to Spotlight Cell Analysis Solutions at Upcoming Conferences in the United States and Europe
CTKB
GlobeNewsWireApril 30, 2024

Cytek Biosciences, Inc. (Nasdaq: CTKB), a prominent company in cell analysis solutions, is dedicated to advancing the cell analysis market through participation in important industry events globally.

Cytek Biosciences (CTKB) Is Considered a Good Investment by Brokers: Is That True?
Cytek Biosciences (CTKB) Is Considered a Good Investment by Brokers: Is That True?
Cytek Biosciences (CTKB) Is Considered a Good Investment by Brokers: Is That True?
CTKB
Zacks Investment ResearchApril 26, 2024

Investors frequently consider the advice of Wall Street analysts before making decisions on whether to buy, sell, or hold a stock. Changes in ratings by these analysts, who are employed by brokerage firms, can impact the price of a stock based on media reports.

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FAQ

  • What is the ticker symbol for Cytek Biosciences?
  • Does Cytek Biosciences pay dividends?
  • What sector is Cytek Biosciences in?
  • What industry is Cytek Biosciences in?
  • What country is Cytek Biosciences based in?
  • When did Cytek Biosciences go public?
  • Is Cytek Biosciences in the S&P 500?
  • Is Cytek Biosciences in the NASDAQ 100?
  • Is Cytek Biosciences in the Dow Jones?
  • When was Cytek Biosciences's last earnings report?
  • When does Cytek Biosciences report earnings?
  • Should I buy Cytek Biosciences stock now?

What is the ticker symbol for Cytek Biosciences?

The ticker symbol for Cytek Biosciences is NASDAQ:CTKB

Does Cytek Biosciences pay dividends?

No, Cytek Biosciences does not pay dividends

What sector is Cytek Biosciences in?

Cytek Biosciences is in the Healthcare sector

What industry is Cytek Biosciences in?

Cytek Biosciences is in the Medical Devices industry

What country is Cytek Biosciences based in?

Cytek Biosciences is headquartered in United States

When did Cytek Biosciences go public?

Cytek Biosciences's initial public offering (IPO) was on July 23, 2021

Is Cytek Biosciences in the S&P 500?

No, Cytek Biosciences is not included in the S&P 500 index

Is Cytek Biosciences in the NASDAQ 100?

No, Cytek Biosciences is not included in the NASDAQ 100 index

Is Cytek Biosciences in the Dow Jones?

No, Cytek Biosciences is not included in the Dow Jones index

When was Cytek Biosciences's last earnings report?

Cytek Biosciences's most recent earnings report was on Nov 5, 2024

When does Cytek Biosciences report earnings?

The next expected earnings date for Cytek Biosciences is Feb 28, 2025

Should I buy Cytek Biosciences stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions