Here's Why Investors Should Hold Medidata (MDSO) Stock Now
Zacks Investment Research | Nov 26, 2018 09:02PM ET
Medidata Solutions, Inc. (NASDAQ:MDSO) is expected to benefit from a solid focus on cloud-based services, Rave Genomics platform, strategic acquisitions and a slew of positive developments. However, the market for clinical trial solutions is highly competitive. This, in turn, might hurt the company’s prospects over the long haul.
The stock currently has a Zacks Rank #3 (Hold).
Why Should You Retain the Stock?
Medidata’s pioneering analytics and clinical technology expertise power the development of new therapies for nearly 1,000 pharmaceutical companies, biotech and medical device firms, academic medical centers and contract research organizations ("CROs") globally. Notably, Medidata Clinical Cloud helps in connecting patients, physicians and life sciences professionals.
In the third quarter of 2018, Medidata had 24 patient Cloud deals, including 13 new ePRO customers. The company implemented RTSM (Randomization and Trial Supply Management) along with Rave EDC.
For investors’ notice, shares of Medidata have gained 8.5% against the Original post
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