Revenue Update on athenahealth Inc(NASDAQ:ATHN)

athenahealth Inc(NASDAQ:ATHN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $261.94M. Analysts estimated a revenue of $273.63M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.42.

athenahealth Inc (ATHN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.74% or 2.37 points. Due to strong positive momentum, the stock ended at $138.58, which is also near the day’s high of $139.89. The stock began the session at $135.9 and the volume stood at 3,68,243 shares. The 52-week high of the shares is $170.42 and the 52 week low is $114.59. The company has a current market capitalization of $5,441 M and it has 3,92,63,333 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Ed Park (EVP and COO) sold 1,500 shares at $136.93 per share price.Also, On Jul 5, 2016, Jonathan Bush (CEO and President) sold 4,000 shares at $138.47 per share price.On Jul 5, 2016, Brandon H Hull (director) sold 800 shares at $137.48 per share price, according to the Form-4 filing with the securities and exchange commission.

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

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