Athenahealth,
Inc. provides cloud-based business services for Dr. practices. The corporation
conjointly offers medical request, follow management and electronic health
record services. Its service offerings are supported proprietary web-native
follow management and electronic health record code, which provide money dealer
knowledge-base and integrated back-office service operations and care
coordination services. Its business intelligence application, Anodyne
Analytics, supports its shoppers through knowledge visual image tools. Athenahealth
was based on August twenty one, 1997 by dessert apple S. Bush and Todd Y. Park
and is headquartered in Watertown, MA.
Is ATHN Going To Move Higher
As Many Investors Expect : To Know Morecheck The Details
Shares
of cloud-based revenue cycle management company athenahealth (NASDAQ: ATHN)
rallied the maximum amount as marinas, following its analyst day, wherever it
divvied out its full-year forecasts for 2012 and 2013. Athenahealth, that
provides code to medical practitioners, lowered
its full-year revenue steering by $5 million to a spread of $420
million-$425 million, however noted that EPS would be available at the high-end
of its best prediction, $0.95-$1. Since 2013, Athenahealth anticipates sales
can grow by concerning 25%-30% to a spread of $525 million-$550 million (more
or less in-line with Wall Street's estimates), and can manufacture a profit of
$1.15-$1.25 per share, a trifle back of the $1.28 that analysts were expecting.
Should Invest Wait for
correction or Buy From Here : Check The Details From Here
Athenahealth
conjointly proclaimed late Wed that its shopping for the building in Watertown,
Mass., wherever its headquarters are situated since 2005. The company's handout
cited the requirement for flexibility and area to expand. Shares fell when the
initial announcement in late commercialism Wed, however analysts were awaiting
any details at Thursday's conference. In Associate in Nursing email to shoppers
late Wed, ISI cluster analyst archangel Cherny wrote that he'll be listening
for word on the progress of AthenaCoordinator, the practice-management giving
that Athenahealth nonheritable once it bought Proxsys last year, that has been
dragging down gross margins. He conjointly wrote that he expected shares to be
up early weekday, given the stock’s sell-off since its Gregorian calendar
month. 19 quarterly reports. Despite a powerful. IBD EPS Rank of ninety three,
its Relative Strength Rating has ruined to fifteen.
