Jefferies Maintains a 'Buy' on Medidata Solutions (MDSO); Making The Backlog Rain

Article Stock Quotes (1) Comments (0)

Jefferies maintains a 'Buy' on Medidata Solutions (NASDAQ: MDSO) price target of $41.00 (from $34.00).

Analyst, David Windley, said, "MDSO signed a large "strategic" deal in 2Q. At maturity (24-36 months away), this deal should generate 3-4x the revenue this "top-10 pharma" client currently contributes. Management said it is in similar talks with other biopharmas, and believes similar deals can follow (timing unpredictable). Competitive displacements and up/cross-selling also continued at a record pace. MDSO's revenue growth outlook is bright."

FY12 EPS estimate cut from $1.14 to $1.12 and FY13 from $1.45 to $1.44.

For an analyst ratings summary and ratings history on Medidata Solutions click here. For more ratings news on Medidata Solutions click here.

Shares of Medidata Solutions closed at $35.41 yesterday, with a 52 week range of $14.07-$36.50.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform
• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• Brinson Patrick Starts Vical (VICL) at Market Outperform

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?