Two medical software companies that blew past earnings estimates late Thursday saw their shares leap by more than 25% in early trading Friday. Athenahealth (ATHN) stock was up 20%, near 153, in midday trading in the stock market today, after earlier touching an 18-month high near 161. Quality Systems (QSII) stock was up nearly 8% midday Friday, near 14, after hitting a two-month high of 16 in early trade. IBD’s 47-company Computer Software-Medical
Pharmacy behemoth CVS (CVS) is staking a claim in the burgeoning field of health-care technology by plunging into the field of online health services, in addition to its in-store minute clinics. With the move, CVS solidifies its digital leap into health care, joining a number of established players such as Cerner (CERN) and AthenaHealth (ATHN), which specialize in electronic medical records, and the likes of Salesforce.com (CRM), which is expected
Medical software company Athenahealth (ATHN) was up in morning trading Friday after its Q4 earnings and sales beat estimates, helped in part by “a good flu season.” Athenahealth’s profit rose 2% over the year-earlier quarter to 58 cents a share, beating analysts’ consensus by 19 cents, according to Thomson Reuters. Revenue jumped 24% to $213 million, more than $5 million above consensus. For the year, earnings rose 13% to $1.31 a share, with