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NEW YORK, June 29, 2019 – Shares of Medidata Solutions Inc. (NASDAQ: MDSO) gained 0.15% to $90.51. The stock grabbed the investor’s attention and traded 6.92M shares as compared to its average daily volume of 1.38M shares.
Medidata Solutions Inc. (MDSO) reported first-quarter profit of $11.10M. The New York-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 45 cents per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The research software maker posted revenue of $173.50M in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $172.10M.
MDSO has a market value of $5.64B while its EPS was booked as $0.84 in the last 12 months. The stock has 62.35M shares outstanding. In the profitability analysis, the company has gross profit margin of 74.40% while net profit margin was 8.00%. Beta value of the company was 1.21; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.60.