Auriga Reiterates a 'Buy' on Medidata Solutions (MDSO); Q4 Preview

Auriga reiterates a 'Buy' on Medidata Solutions (NASDAQ: MDSO) price target of $33.00.

Auriga analyst said, "While we're anticipating a modest beat, we're trimming our EPS expectations for 2012 due to investment in sales, marketing and innovation as MDSO seeks to exploit new market opportunities. Nonetheless we think the revenue guidance will exceed the consensus view, reassuring investors that the growth story is intact. Expecting modest Q4 beat : Our Q4 estimates are $0.38 on $48MM in revenue, in line with consensus EPS and $1MM above revenue consensus of $47MM. We're comfortable that MDSO meets or beats our estimates."

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 $19.98 yesterday.

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