Medidata Solutions Inc. (MDSO) Updates FY14 Earnings Guidance
Medidata Solutions Inc. (NASDAQ:MDSO) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of ~$0.74-0.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84, American Banking & Market News reports. The company issued revenue guidance of $340-345 million, compared to the consensus revenue estimate of $339.00 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Medidata Solutions from a neutral rating to an outperform rating in a research note to investors on Wednesday, January 8th. They now have a $62.40 price target on the stock. On a related note, analysts at B. Riley raised their price target on shares of Medidata Solutions to $160.00 in a research note to investors on Tuesday, November 26th. They now have a neutral rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Medidata Solutions in a research note to investors on Wednesday, November 20th. They set a buy rating and a $133.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Medidata Solutions presently has an average rating of Buy and a consensus target price of $108.55.
Shares of Medidata Solutions Inc. (NASDAQ:MDSO) opened at 58.06 on Thursday. Medidata Solutions Inc. has a 52-week low of $23.40 and a 52-week high of $66.01. The stock has a 50-day moving average of $60.66 and a 200-day moving average of $52.67. The company has a market cap of $2.992 billion and a price-to-earnings ratio of 135.65.
Medidata Solutions (NASDAQ:MDSO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $73.97 million. During the same quarter last year, the company posted $0.25 earnings per share. Medidata Solutions’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Medidata Solutions Inc. will post $0.72 earnings per share for the current fiscal year.
Medidata Solutions, Inc (NASDAQ:MDSO) is a global provider of software-as-a-service (SaaS), clinical technology solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.