Medidata Reports Record First Quarter 2015 Revenues
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April 24, 2015 8:51 AM EDT
Needham & Company analyst Michael Huang reiterated a Buy rating and raised his price target on Medidata Solutions (NASDAQ: MDSO) to $65.00 (from $50.00) following a "credible" quarter and new CFO suggests strengthening trends.
Huang commented, "The Q1 report was solid across the board and... More
April 24, 2015 7:45 AM EDT
Topeka Capital downgraded Medidata Solutions (NASDAQ: MDSO) from Buy to Hold with a price target of $55.00 (from $48.00). The change is tied to valuation.
Analyst Eugene M. Mannheimer said, "While MDSO reiterated its full year outlook, our model suggests they... More
April 23, 2015 6:36 AM EDT
Medidata Solutions (NASDAQ: MDSO) reported Q1 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $92.4 million versus the consensus estimate of $91.05 million.
The company also announced that Rouven Bergmann is joining the company as Chief Financial Officer effective Monday, May 18, 2015. Bergmanns financial and operational experience managing a multibillion-dollar software business extends the breadth and depth of Medidatas leadership team. Medidata also reaffirmed today that there is no change to its 2015 financial guidance.
We are excited to have Rouvens proven financial leadership on... More
