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Fly News Breaks for October 21, 2016
ATHN
Oct 21, 2016 | 07:38 EDT
Oppenheimer analyst Mohan Naidu notes that athenahealth reported a strong doc adds number for the quarter, with operating leverage in the model boosting adjusted earnings to a strong beat. However, the analyst says that while the numbers came in better than expected, the bookings weakness implied in the scorecard is likely to give investors pause and raise questions about 2017 revenue growth. He reiterates an Outperform rating and $170 price target on the shares.
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