We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WebMD Health (WBMD) to Buy Back 2 Million Common Stock
Read MoreHide Full Article
WebMD Health Corp. announced that it has commenced a tender offer to purchase up to 2 million shares of its common stock. The tender offer will expire on Thursday, Dec 15, 2016. At the end of the last reported quarter, WebMD had approximately $1.065 billion in cash and investments. The company will use a portion of its cash and investments to fund the tender offer.
Going forward, we believe that the focus of the company on acquiring new clients will help WebMD Health gain better market traction, which will lead to increased business. It has been a story of constant achievements for the company which provides advertising and sponsorship solutions to targeted demographics and licenses private portal services to employers and health plans.
Based in New York, NY, WebMD Health is a leading provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through public and private online portals, mobile platforms and health-focused publications.
We believe the company is well positioned to capitalize on growth and major changes that are currently affecting the healthcare industry. We also believe that the recent changes in Capitol Hill would make the company’s core areas of expertise i.e. the online audience of healthcare consumers and physicians in the U.S. health information market space more geared toward growth.
However, the company’s top line is heavily dependent on the advertising and sponsorship budgets of brands at pharmaceutical manufacturers. This we believe is a major overhang on the company. Other major areas of concern for the company include drug patent expiration, increased formulary restrictions on high-priced launches, and restrictions on drug promotion to physicians and consumers.
Currently, WebMD Health has a Zacks Rank #3 (Hold).
Better-ranked stocks in the broader medical space include Cogentix Medical, Inc. (CGNT - Free Report) , CryoLife Inc. and IDEXX Laboratories, Inc. (IDXX - Free Report) . Notably, IDEXX Laboratories and Cogentix sport a Zacks Rank #1 (Strong Buy) while CryoLife has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cogentix Medical registered a positive earnings surprise of 100% in the last reported quarter. Notably, the company has a solid one-year return of roughly 73.7%.
CryoLife has a stellar one-year return of roughly 90.7%. In the last reported quarter, the company registered an impressive earnings surprise of 225%.
IDEXX Laboratories represents a solid one-year return of almost 67.8%. The company has a long-term expected growth rate of almost 14.96%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
WebMD Health (WBMD) to Buy Back 2 Million Common Stock
WebMD Health Corp. announced that it has commenced a tender offer to purchase up to 2 million shares of its common stock. The tender offer will expire on Thursday, Dec 15, 2016. At the end of the last reported quarter, WebMD had approximately $1.065 billion in cash and investments. The company will use a portion of its cash and investments to fund the tender offer.
Going forward, we believe that the focus of the company on acquiring new clients will help WebMD Health gain better market traction, which will lead to increased business. It has been a story of constant achievements for the company which provides advertising and sponsorship solutions to targeted demographics and licenses private portal services to employers and health plans.
Based in New York, NY, WebMD Health is a leading provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through public and private online portals, mobile platforms and health-focused publications.
We believe the company is well positioned to capitalize on growth and major changes that are currently affecting the healthcare industry. We also believe that the recent changes in Capitol Hill would make the company’s core areas of expertise i.e. the online audience of healthcare consumers and physicians in the U.S. health information market space more geared toward growth.
However, the company’s top line is heavily dependent on the advertising and sponsorship budgets of brands at pharmaceutical manufacturers. This we believe is a major overhang on the company. Other major areas of concern for the company include drug patent expiration, increased formulary restrictions on high-priced launches, and restrictions on drug promotion to physicians and consumers.
WEBMD HEALTH CP Price
WEBMD HEALTH CP Price | WEBMD HEALTH CP Quote
Zacks Rank & Key Picks
Currently, WebMD Health has a Zacks Rank #3 (Hold).
Better-ranked stocks in the broader medical space include Cogentix Medical, Inc. (CGNT - Free Report) , CryoLife Inc. and IDEXX Laboratories, Inc. (IDXX - Free Report) . Notably, IDEXX Laboratories and Cogentix sport a Zacks Rank #1 (Strong Buy) while CryoLife has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cogentix Medical registered a positive earnings surprise of 100% in the last reported quarter. Notably, the company has a solid one-year return of roughly 73.7%.
CryoLife has a stellar one-year return of roughly 90.7%. In the last reported quarter, the company registered an impressive earnings surprise of 225%.
IDEXX Laboratories represents a solid one-year return of almost 67.8%. The company has a long-term expected growth rate of almost 14.96%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>