Why Vertex Stock Got Mashed on Monday
The stock of niche financial software company (NASDAQ: VERX) didn't get a very good start to the trading week at all. Its value fell by nearly 10% that day, due largely to a quarterly earnings report that many considered to be underwhelming. By contrast, the benchmark S 500 index rose on the day, closing slightly (0.2%) higher.
That morning, Vertex revealed that its total revenue was slightly over $192 million in the third quarter, a figure that was up by nearly 13% year-over-year. Subscriptions, which form the bulk of its top line, grew by the same rate to almost $165 million.
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Source Fool.com
Vertex Pharmaceuticals Inc. Stock
€396.15
-0.410%
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
With a target price of 461 € there is a slightly positive potential of 16.37% for Vertex Pharmaceuticals Inc. compared to the current price of 396.15 €.
