Biotech firm Compugen reports lower earnings, yet gets a stock rating upgrade to "buy."

Biotech firm Compugen reported a lower-than-expected quarterly earnings of $0.01 per share, missing the analyst forecast of $0.21. Revenue was $17.13 million, also falling short of the expected $17.67 million. Despite the earnings miss, StockNews.com upgraded the company’s rating from "hold" to "buy." Compugen focuses on immuno-oncology with several clinical-stage candidates in development. Its stock price is around $1.60.

November 13, 2024
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