Medidata Solutions Inc (MDSO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Medidata Solutions Inc (MDSO) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $114.60 million in the period, compared to analysts expectations of $112.38 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Medidata Solutions Inc. Needham Resumed Medidata Solutions Inc on Jul 11, 2016 to “Buy”, Price Target of the shares are set at $55.Medidata Solutions Inc was Downgraded by Jefferies to ” Underperform” on Apr 26, 2016. Medidata Solutions Inc was Initiated by Leerink Partners to “Mkt Perform” on Apr 26, 2016.

Medidata Solutions Inc opened for trading at $47.42 and hit $49.41 on the upside on Monday, eventually ending the session at $47.49, with a gain of 0.47% or 0.22 points. The heightened volatility saw the trading volume jump to 6,33,237 shares. Company has a market cap of $2,721 M.

In a different news, on Jul 13, 2016, Vries Glen Michael De (President) sold 32,500 shares at $49.29 per share price. According to the SEC, on Jul 13, 2016, Tarek Sherif (Chairman & CEO) sold 22,036 shares at $49.24 per share price. On Jul 13, 2016, Steven Isaac Hirschfeld (Vice Chairman) sold 10,000 shares at $49.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Medidata Solutions Inc. (Medidata) provides cloud-based solutions for life sciences. The Company’s solutions are Medidata Rave an electronic data capture (EDC) and clinical data management system (CDMS) solution; Medidata CTMS a clinical trial management solution; Medidata Designer a protocol design tool; Medidata Insights which offer clinical business analytics and metrics; Medidata Balance a randomization and trial supply management solution; Medidata Patient Cloud an electronic patient-reported outcome (ePRO) application; Medidata Grants Manager which develops and manages trial budgets; Medidata contract research organizations (CRO) Contractor an analytics tool; Medidata SQM a set of cloud-based site quality management dashboards; Medidata Coder a medical coding and synonym management solution; Medidata Safety Gateway which collects and transmits events and related data from the EDC system and Medidata Targeted SDV which implements risk-based monitoring strategies.

Medidata Solutions Inc

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