Fly News Breaks for October 25, 2017
HSTM
Oct 25, 2017 | 08:06 EDT
As previously noted, Needham analyst Scott Berg downgraded HealthStream to Hold from Buy on valuation, citing expectations of sub-10% revenue growth and suboptimal profitability. Berg says re-acceleration of revenue is now anticipated in FY19 at the earliest rather than FY18 due to the recent macro pressure, products in transition, and weaker than expected near-term bookings.
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