Cytyc Ranked #5 on Forbes List of Top 100 Mid-Cap Stocks.MARLBOROUGH, Mass. -- Cytyc Corporation (Nasdaq: CYTC), a leading women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. company, today announced that the Company has been ranked #5 on Forbes Magazine's 2006 list of the 100 Best Mid-Cap Stocks. The prestigious list, published this week, is based on a variety of performance criteria for mid-cap companies - those with market values between $1 and $4 billion. The Special Report noted that "there is still a compelling case for mid-caps, as they offer more room for growth than larger companies and greater safety and stability than smaller companies." "We are extremely proud to be among the elite companies in this category," said Patrick J. Sullivan, Cytyc's chairman, president and chief executive officer. "Our goal is to become the leading provider of innovative products focused on women's health worldwide. Our ThinPrep(R) Pap Test Pap test, Pap smear, or Papanicolaou test (păp'ənē`kəlou), medical procedure used to detect cancer of the uterine cervix. is the standard of care for cervical screening in the U.S., our NovaSure(R) Endometrial Ablation Endometrial ablation is a medical procedure that is used to remove (ablate) or destroy the endometrial lining of a woman's uterus. This technique is most often employed for women who suffer from excessive or prolonged bleeding during their menstrual cycle but can not or do not wish System is currently the market leader for treating women with abnormal uterine bleeding uterine bleeding Abnormal bleeding from the uterus not related to menstruation. Most common in the first few years after menarche and as menopause approaches, it is thought to occur when malfunctioning ovaries reduce blood estrogen levels. , and our MammoSite(R) Radiation Therapy System is providing a beneficial alternative for post-lumpectomy radiation therapy for breast cancer patients. We will continue to strive to provide improved patient outcomes as well as strong financial performance." Forbes arrives at this list by starting with a universe of more than 1,000 mid-cap companies, which it screened for positive return on equity, sales, and earnings-per-share growth over the past five years and through the latest 12 months. Companies were also required to have forecasts for at least 10 percent annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. earnings growth over the next three to five years, according to consensus estimates tabulated by Thomson IBES IBES See: Institutional Brokers Estimate System . Researchers also looked at analyst write-ups, current news, business trends and changes in consensus forecasts, as well as metrics to measure the degree to which past earnings are reliable and are likely to persist. More information about the list can be found on the Forbes Magazine website (www.forbes.com). Cytyc Corporation is a leading women's health company that designs, develops, manufactures, and markets innovative and clinically effective products for cervical cancer Cervical Cancer Definition Cervical cancer is a disease in which the cells of the cervix become abnormal and start to grow uncontrollably, forming tumors. screening, breast cancer risk assessment, treatment of excessive menstrual bleeding, and treatment of breast cancer. Cytyc is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CYTC. Cytyc, ThinPrep, NovaSure, and MammoSite are registered trademarks of Cytyc Corporation. Forward-looking statements in this press release are made pursuant to the provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements relating to Cytyc's future financial condition, operating results and economic performance, and management's expectations regarding key customer relationships, future growth opportunities, product acceptance and business strategy, constitute forward-looking statements. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties, which could cause actual outcomes and results to differ materially from those statements. Risks and uncertainties include, among others, dependence on key personnel and customers as well as reliance on proprietary technology, uncertainty of product development efforts and product acceptance, management of growth, product diversification, and organizational change, entry into new market segments domestically and new markets internationally, risks associated with litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , the effective integration of acquired businesses and technologies, competition and competitive pricing pressures, risks associated with the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. regulatory approval processes and healthcare reimbursement policies in the United States and abroad, introduction of technologies that are disruptive to Cytyc's business and operations, the impact of new accounting requirements and governmental rules and regulations, as well as other risks detailed in Cytyc's filings with the Securities and Exchange Commission, including those under the heading "Risk Factors" in its 2005 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. filed with the Commission. Cytyc cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they were made. Cytyc disclaims any obligation to publicly update or revise any such statements to reflect any change in its expectations or events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. |
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