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Cepheid Reports 2012 First Quarter Results
Date:4/19/2012

ss OutlookFor the fiscal year ending December 31, 2012, the Company expects:

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 Total revenue to be in the range of $333 to $347 million; --

 Net income in the range of $0.12 to $0.17 per share;  --

Non-GAAP net income in the range of $0.50 to $0.55 per share.  Expected non-GAAP net income excludes approximately $26 million related to stock-based compensation expense, approximately $2.8 million related to the amortization of acquired intangibles, and a $1.8 million tax benefit related to an intercompany intellectual property transaction.  The fully diluted share count for the year is expected to be between 70 and 71 million.

Accessing Cepheid's First Quarter Results' Conference CallThe Company will host a management presentation at 2:00 p.m. Pacific Time on Thursday, April 19, 2012 to discuss the results.  To access the live webcast, please visit Cepheid's website at www.cepheid.com/investors at least 15 minutes before the scheduled start time to download any necessary audio or plug-in software.  A replay of the webcast will be available shortly following the call and will remain available for at least 90 days.

Interested participants may also listen to the live teleconference call by dialing (800) 920-8624 or (617) 597-5430, and entering participant code 71854034.  A replay will be available for seven days beginning at 4:00 p.m. Pacific Time.  Access numbers for this replay are (888) 286-8010 or (617) 801-6888, with passcode 29985463.

About CepheidBased in Sunnyvale, Calif., Cepheid (Nasdaq: CPHD) is a leading molecular diagnostics company that is dedicated to improving healthcare by developing, manufacturing, and marketing accurate yet easy-to-use molecular systems and tests.  By automating highly complex and time-consuming
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