Pacific Biosciences of California, Inc. (PACB)

NASDAQ: PACB · Real-Time Price · USD
1.110
-0.020 (-1.77%)
May 5, 2025, 4:00 PM EDT - Market closed
-1.77%
Market Cap 333.05M
Revenue (ttm) 154.01M
Net Income (ttm) -309.85M
Shares Out 300.04M
EPS (ttm) -1.13
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,261,052
Open 1.130
Previous Close 1.130
Day's Range 1.090 - 1.140
52-Week Range 1.070 - 2.720
Beta 2.19
Analysts Buy
Price Target 2.45 (+120.72%)
Earnings Date May 8, 2025

About PACB

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing solution to resolve genetically complex problems. The company provides sequencing systems; consumable products, including single molecule real-time (SMRT) technology; long-read sequencing; and various reagent kits designed for specific workflow, such as preparation kit to convert DNA into SMRTbell double-stranded DNA library formats, including molecular biology reagents, such as ligase, buffers, and exonucleases. It also offers binding kits, such as modified ... [Read more]

Industry Medical Devices
Sector Healthcare
IPO Date Oct 27, 2010
Employees 575
Stock Exchange NASDAQ
Ticker Symbol PACB
Full Company Profile

Financial Performance

In 2024, PACB's revenue was $154.01 million, a decrease of -23.19% compared to the previous year's $200.52 million. Losses were -$309.85 million, 1.02% more than in 2023.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for PACB stock is "Buy." The 12-month stock price forecast is $2.45, which is an increase of 120.72% from the latest price.

Price Target
$2.45
(120.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Effort to Integrate PacBio HiFi Whole Genome Sequencing in Newborn Screening Launches in Thailand

Collaboration leverages HiFi's unique ability to reveal hidden variants, bringing a new level of precision to early life genetic screening Collaboration leverages HiFi's unique ability to reveal hidde...

19 hours ago - GlobeNewsWire

PacBio Announces Plans to Improve Methylation Detection in HiFi Chemistry

Company licenses novel deep learning-based epigenetic models from CUHK enabling the detection of 5hmC, 5mC hemimethylation, and 6mA in standard sequencing runs Company licenses novel deep learning-bas...

7 days ago - GlobeNewsWire

Davos Alzheimer's Collaborative Selects PacBio as Technology Partner for Global Project to Advance Alzheimer's Disease Research in North Africa

International research team aims to develop better understanding of Alzheimer's disease and dementia in diverse populations International research team aims to develop better understanding of Alzheime...

13 days ago - GlobeNewsWire

PacBio Announces Preliminary First Quarter 2025 Revenue and Reiterates 2025 Revenue Guidance of $155 Million to $170 Million

Implements Plan to Reduce Annualized Operating Expense Run Rate by $45 Million to $50 Million Q1 2025 Earnings Conference Call Scheduled for May 8, 2025 MENLO PARK, Calif., April 09, 2025 (GLOBE NEWSW...

26 days ago - GlobeNewsWire

PacBio Grants Equity Incentive Award to New Employee

MENLO PARK, Calif., April 04, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced that the Compensation Committee ...

4 weeks ago - GlobeNewsWire

Pacific Biosciences Names Jim Gibson Chief Financial Officer

Pacific Biosciences of California has hired Jim Gibson as its new chief financial officer, effective March 31.

5 weeks ago - Market Watch

Jim Gibson to join PacBio as Chief Financial Officer

MENLO PARK, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- PacBio  (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced Jim Gibson will join and be ap...

5 weeks ago - GlobeNewsWire

Scientists Solve One of Genomics' Biggest Challenges by Using HiFi Sequencing to Distinguish Highly Similar Paralogous Genes

MENLO PARK, Calif., March 17, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced a newly published study in Natur...

7 weeks ago - GlobeNewsWire

Pacific Biosciences: Uncertain Federal Research Funding Latest Blow For Already-Battered Stock

Pacific Biosciences: Uncertain Federal Research Funding Latest Blow For Already-Battered Stock

2 months ago - Seeking Alpha

PacBio to Participate in TD Cowen's 45th Annual Health Care Conference

MENLO PARK, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, announced today that management will be presenti...

2 months ago - GlobeNewsWire

Pacific Biosciences of California, Inc. (PACB) Q4 2024 Earnings Call Transcript

Pacific Biosciences of California, Inc. (NASDAQ:PACB) Q4 2024 Earnings Conference Call February 13, 2025 4:30 PM ET Company Participants Todd Friedman - Senior Director, Finance and Investor Relation...

2 months ago - Seeking Alpha

Trump's Cuts to Medical Research Are Hurting These Stocks

Shares of gene-sequencing leader Illumina have fallen 15% from Friday. Rivals 10X Genomics and Pacific BioSciences of California lost 18% and 15%, respectively.

Other symbols: ILMNTXG
2 months ago - Barrons

PacBio Announces Appointment of David Ruggiero as Head of Global Sales & Service

MENLO PARK, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the appointment of David Ruggier...

3 months ago - GlobeNewsWire

PacBio to Report Fourth Quarter 2024 Financial Results on February 13, 2025

MENLO PARK, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB) announced today that it will hold its quarterly conference call to discuss its fourth quarter 2024 financial results on Thur...

3 months ago - GlobeNewsWire

PacBio Announces Appointment of Chris Smith to Board of Directors

PacBio to leverage Chris' extensive expertise in diagnostics and laboratory testing markets, as Board Member David Meline steps down. PacBio to leverage Chris' extensive expertise in diagnostics and l...

3 months ago - GlobeNewsWire

PacBio Technology Powers Landmark Multiomic Study Published in Nature Genetics

New sequencing approach resolves the genetic complexity of a rare Mendelian condition New sequencing approach resolves the genetic complexity of a rare Mendelian condition

3 months ago - GlobeNewsWire

PacBio Names Global Institute for Food Security as Canada's First Revio Certified Service Provider

MENLO PARK, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the Global Institute for Food Se...

3 months ago - GlobeNewsWire

PacBio and Radboud UMC Announce Remarkable Study Results Using HiFi Long Read Sequencing to Help Advance Rare Disease Diagnostics

MENLO PARK, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading provider of highly accurate long-read sequencing solutions, announced a significant publication from Radboud Univ...

3 months ago - GlobeNewsWire

PacBio Announces Preliminary Fourth Quarter and Full Year Revenue

Commenced shipment of the Vega ™ benchtop system ahead of schedule, bringing HiFi sequencing to more customers

3 months ago - GlobeNewsWire

PacBio and Intus Bio Collaborate for Launch of GutID, First At-Home Microbiome Test Powered by HiFi Sequencing

MENLO PARK, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), developer of the world's most advanced sequencing technologies, and Intus Bio, a leader in microbiome research and discover...

4 months ago - GlobeNewsWire

PacBio to Present at 43rd Annual J.P. Morgan Healthcare Conference

MENLO PARK, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, announced today that management will be presenti...

4 months ago - GlobeNewsWire

Cathie Wood's Ark Invest Bets Big On Biotech Again As Pacific Biosciences Grabs Spotlight

Ark Invest CEO Cathie Wood is doubling down on genomics.

5 months ago - Benzinga

Pacific Biosciences' Cost Cuts Won't Offset Rising Competition

Pacific Biosciences of California stock surged 50% since August despite a 24% YoY revenue decline and deteriorating gross margins due to increased costs and pricing pressures. Q3 revenue of $40 millio...

6 months ago - Seeking Alpha

PacBio to Present at Upcoming Investor Conferences

MENLO PARK, Calif., Nov. 08, 2024 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, announced today that management will be particip...

6 months ago - GlobeNewsWire

Pacific Biosciences of California, Inc. (PACB) Q3 2024 Earnings Call Transcript

Pacific Biosciences of California, Inc. (NASDAQ:PACB) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Todd Friedman - Senior Director of Investor Relations Christian...

6 months ago - Seeking Alpha