Medidata Solutions Inc (MDSO) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.18. The company posted revenue of $104.20 million in the period, compared to analysts expectations of $103.27 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Medidata Solutions Inc. Company shares were Reiterated by Topeka Capital Markets on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Shares were Reiterated by Deutsche Bank on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 41 from a previous price target of $53 .Shares were Reiterated by Topeka Capital Markets on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $50 .
Medidata Solutions Inc opened for trading at $40.06 and hit $41.77 on the upside on Monday, eventually ending the session at $41.35, with a gain of 1.35% or 0.55 points. The heightened volatility saw the trading volume jump to 2,23,458 shares. Company has a market cap of $2,331 M.
In a different news, on Feb 17, 2016, Lee Shapiro (director) purchased 1,500 shares at $33.45 per share price. According to the SEC, on Jul 22, 2015, Steven Isaac Hirschfeld (Chief Commercial Officer) sold 10,201 shares at $60.00 per share price. On Jun 1, 2015, Robert Taylor (director) sold 5,048 shares at $56.81 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.