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.
Image source: Getty Images.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
€375.00
1.210%
With 40 Buy predictions and not a single Sell prediction Vertex Pharmaceuticals Inc. is an absolute favorite of our community.
As a result the target price of 472 € shows a positive potential of 25.87% compared to the current price of 375.0 € for Vertex Pharmaceuticals Inc..
