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Stock Market & Financial Investment News

News Breaks
April 14, 2014
15:01 EDTMGLNMagellan Health extends contract with 'significant' customer
Magellan Health disclosed in a regulatory filing that as disclosed in the Magellan Health Services, Form 10-K, filed on March 3, the Company has a contract with one of the significant customers in its Specialty Solutions segment with a term ending Janaury 31, 2015 which generated revenue of $47.3M for the year ended December 31. On April 9, the company and this customer agreed to extend this contract through January 31, 2016
News For MGLN From The Last 14 Days
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July 28, 2015
07:55 EDTMGLNMagellan Health selloff yesterday an overreaction, says Jefferies
Jefferies analyst David Styblo says shares of Magellan Health should have dropped 2%-4% yesterday post-earnings, not 13%. Trends began improving in July and margins should return to normalized levels in "short order," Styblo tells investors. He recommends buying the stock following yesterday's pullback. The analyst keeps a Buy rating on Magellan with a reduced price target of $76.
July 27, 2015
06:34 EDTMGLNMagellan Health raises FY15 adjusted EPS to $3.45-$3.90 from $3.41-$3.85
Consensus for FY15 EPS is $2.04. Backs FY15 revenue $4.45-$4.69B, consensus $4.47B.
06:31 EDTMGLNMagellan Health reports Q2 adjusted EPS 56c, consensus 40c
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