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MDSO

Medidata

$75.48

-12.94 (-14.63%)

07:17
07/25/18
07/25
07:17
07/25/18
07:17

Medidata downgraded to Hold at Needham on disappointing Q2 results

As noted earlier, Needham analyst Scott Berg downgraded Medidata to Hold from Buy following its "disappointing" Q2 results and guidance, causing him to lower his organic subscription revenue growth expectations. The analyst points to billings and deferred revenue coming in "substantially below historical trends", suggesting that bookings were "either delayed or lost". Berg adds that the magnitude of those deviations was substantial enough to reset his growth expectations to mid-teens range.

MDSO Medidata
$75.48

-12.94 (-14.63%)

07/24/18
JPMS
07/24/18
DOWNGRADE
JPMS
Neutral
JPMorgan downgrades Medidata to Neutral on subscription sales miss
JPMorgan analyst Sterling Auty downgraded Medidata Solutions to Neutral from Overweight with a 2019 price target of $87. The stock in afternoon trading is down 12%, or $10.47, to $77.80 following this morning's Q2 results. The inconsistency in subscription revenue growth "popped back up in the quarter," Auty tells investors in a research note. The analyst sees a road back to $87 per share, but says the 10% upside for current price levels justifies a Neutral rating. He attributes the earnings beat in Q2 to "below-the-line items" and notes that subscription revenue missed expectations.
07/24/18
KEYB
07/24/18
NO CHANGE
Target $88
KEYB
Overweight
Medidata backlog growth a better forward indicator than fee growth, says KeyBanc
KeyBanc analyst Donald Hooker reiterated his Overweight rating on Medidata despite the company reporting weaker than expected Q2 subscription fee growth, which he attributes to contract timing in newer product categories. Hooker, who points to the Q2 backlog growth of about 18% as a better leading indicator of forward growth, keeps an $88 price target on Medidata shares.
07/25/18
PIPR
07/25/18
NO CHANGE
Target $96
PIPR
Overweight
Medidata selloff yesterday a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Sean Wieland recommends using the post-earnings selloff yesterday in shares of Medidata Solutions as a buying opportunity. The analyst views the pullback as overdone and reiterates an Overweight rating on the stock with a slightly reduced price target of $96. Contract timing and the addition of Shyft will accelerate backlog and subscription revenue in the second half of 2018 and continue into 2019, Wieland tells investors in a research note.
07/25/18
NEED
07/25/18
DOWNGRADE
NEED
Hold
Medidata downgraded to Hold from Buy at Needham

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BHVN

Biohaven Pharmaceutical

$44.16

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CE

Celanese

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F

Ford

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RTN

Raytheon

$178.55

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UTX

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LMT

Lockheed Martin

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ARES

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HAFC

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PAYS

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MEOH

Methanex

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SHIP

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SONM

Sonim

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0.24 (1.82%)

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KINS

Kingstone Companies

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BA

Boeing

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Microsoft

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AMZN

Amazon.com

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