Castlight Health Inc (CSLT) Updates FY14 Earnings Guidance
Castlight Health Inc (NASDAQ:CSLT) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of ($1.00)-(1.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.02), Analyst Ratings Network.com reports. The company issued revenue guidance of $42.6-43.2 million, compared to the consensus revenue estimate of $40.76 million.Castlight Health also updated its Q3 guidance to ($0.21) EPS.
Castlight Health Inc (NASDAQ:CSLT) traded up 4.89% on Tuesday, hitting $14.81. 340,553 shares of the company’s stock traded hands. Castlight Health Inc has a 1-year low of $10.05 and a 1-year high of $41.95. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $17.56. The company’s market cap is $1.325 billion.
Castlight Health (NASDAQ:CSLT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.22) by $0.50. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $6.51 million. The company’s quarterly revenue was up 342.1% on a year-over-year basis. On average, analysts predict that Castlight Health Inc will post $-1.02 earnings per share for the current fiscal year.
CSLT has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an outperform rating on shares of Castlight Health in a research note on Thursday, May 8th. They now have a $15.00 price target on the stock, down previously from $26.00. On a related note, analysts at Stifel Nicolaus set a $17.00 price target on shares of Castlight Health in a research note on Thursday, May 8th. They now have a buy rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Castlight Health from $25.00 to $18.00 in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $18.00.
Castlight Health, Inc is a provider of cloud-based software, that enables enterprises to gain control over their rapidly escalating health care costs.
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