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ILMN - Fulgent Genetics' Impressive Growth Acceleration Has Further To Run
Illumina Inc.
We argued early April of this year that the shares of Fulgent Genetics (FLGT) had further upside, perhaps after some consolidation of the gains to date:
And so, it turned out to be, but the magnitude of the gains is well beyond what we imagined after two stellar results producing 55.9% and a whopping 84% growth, respectively, while Q1 was a much more glacial affair with 15% growth.
So, it's no wonder the shares have taken off since our previous writing (a whopping 164% as we write this new article), and the acceleration in revenue