Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Athenahealth's cloud-based offerings are unique in the HCIT space.

No-moat Athenahealth reported middling third-quarter earnings, and we intend to maintain our $110 per share fair value estimate. The firm posted 10% revenue growth that fell below our expectations, and management lowered full-year guidance as a result of continuing headwinds. However, these negative results were offset by decent profit margin production. Management also announced a major restructuring, including significant cost-cuts and staff reductions to be fully executed by the end of 2018. ...
Underlying
Athenahealth Inc.

Athenahealth partners with hospital and ambulatory clients to drive clinical and financial results. The company provides network-enabled medical record, revenue cycle, patient engagement, care coordination, and population health services, as well as Epocrates

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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