NYSE:CSLT - Castlight Health Stock Price, News, & Analysis

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$3.81 -0.10 (-2.56 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$3.81
Today's Range$3.7750 - $3.9650
52-Week Range$1.86 - $5.95
Volume657,682 shs
Average Volume802,457 shs
Market Capitalization$546.81 million
P/E Ratio-23.81
Dividend YieldN/A
Beta1.55
Castlight Health, Inc. provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers communication and testing, implementation, and user customer support services. It serves customers in a range of industries, including education, manufacturing, retail, technology, and government. The company was formerly known as Ventana Health Services and changed its name to Castlight Health, Inc. in April 2010. Castlight Health, Inc. was founded in 2008 and is headquartered in San Francisco, California.

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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone415-829-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$156.40 million
Cash Flow$0.0240 per share
Book Value$1.37 per share

Profitability

Net Income$-39,710,000.00

Miscellaneous

EmployeesN/A
Market Cap$546.81 million
Next Earnings Date5/9/2019 (Estimated)
OptionableOptionable

Castlight Health (NYSE:CSLT) Frequently Asked Questions

What is Castlight Health's stock symbol?

Castlight Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSLT."

How were Castlight Health's earnings last quarter?

Castlight Health Inc (NYSE:CSLT) announced its quarterly earnings data on Wednesday, February, 21st. The software maker reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The software maker had revenue of $37 million for the quarter, compared to analyst estimates of $36.36 million. Castlight Health had a negative net margin of 25.39% and a negative return on equity of 12.93%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. View Castlight Health's Earnings History.

When is Castlight Health's next earnings date?

Castlight Health is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Castlight Health.

What guidance has Castlight Health issued on next quarter's earnings?

Castlight Health updated its FY 2019 earnings guidance on Thursday, February, 28th. The company provided earnings per share guidance of $0.00-0.03 for the period, compared to the Thomson Reuters consensus estimate of $0.01. The company issued revenue guidance of $153-158 million, compared to the consensus revenue estimate of $159.77 million.

What price target have analysts set for CSLT?

5 equities research analysts have issued 12 month price objectives for Castlight Health's stock. Their forecasts range from $4.80 to $6.00. On average, they expect Castlight Health's share price to reach $5.20 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price. View Analyst Price Targets for Castlight Health.

What is the consensus analysts' recommendation for Castlight Health?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Castlight Health in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Castlight Health.

What are Wall Street analysts saying about Castlight Health stock?

Here are some recent quotes from research analysts about Castlight Health stock:
  • 1. According to Zacks Investment Research, "Castlight Health, Inc. operates as a provider of cloud-based software. Its enables enterprises to gain control over their rapidly escalating health care costs. The Company's Enterprise Healthcare Cloud allows its customers to conquer the complexity of the existing health care system by providing personalized, actionable information to their employees, implementing technology-enabled benefit designs and integrating disparate systems and applications. Castlight Health, Inc. is headquartered in San Francisco, California. " (3/6/2019)
  • 2. Cantor Fitzgerald analysts commented, "We continue to believe that Castlight’s transition from a point solution company (price transparency) to a platform solution (employee wellness) has been overlooked by investors. Anthem’s rollout of Engage is a good example of the company’s progress. We believe the company is poised to post 18% top-line growth in 2018 and to significantly reduce its operating losses and cash burn. Our 2019 estimates already reflect the loss of WMT (Not Covered) and potential savings from its cost-reduction efforts. The company continues to add new platform relationships while stabilizing its attrition of transparency customers." (12/17/2018)

Has Castlight Health been receiving favorable news coverage?

News coverage about CSLT stock has trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Castlight Health earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the next several days.

Who are some of Castlight Health's key competitors?

What other stocks do shareholders of Castlight Health own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Castlight Health investors own include Advanced Micro Devices (AMD), Geron (GERN), Gilead Sciences (GILD), Genocea Biosciences (GNCA), Teladoc Health (TDOC), CorMedix (CRMD), Abraxas Petroleum (AXAS), Cypress Semiconductor (CY), Idera Pharmaceuticals (IDRA) and Immunomedics (IMMU).

Who are Castlight Health's key executives?

Castlight Health's management team includes the folowing people:
  • Dr. Bryan Eisman Roberts, Chairman (Age 52)
  • Mr. John C. Doyle, CEO & Director (Age 51)
  • Ms. Siobhan Nolan Mangini, Chief Financial Officer (Age 38)
  • Mr. M P Eric Chan, Chief Accounting Officer (Age 43)
  • Mr. Gary J. Fuges C.F.A., CFA, Head of Investor Relations

Who are Castlight Health's major shareholders?

Castlight Health's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (10.91%), BlackRock Inc. (4.73%), Cowen Prime Services LLC (1.57%), Gagnon Securities LLC (1.41%), Gagnon Advisors LLC (0.84%) and Royce & Associates LP (0.81%). Company insiders that own Castlight Health stock include Giovanni M Colella, John C Doyle, Maeve O'meara, Mangini Siobhan Nolan, MP Eric Chan, Neeraj Gupta, Priya Jain, Robert Derek Newell and Seth B Cohen. View Institutional Ownership Trends for Castlight Health.

Which institutional investors are selling Castlight Health stock?

CSLT stock was sold by a variety of institutional investors in the last quarter, including Gagnon Securities LLC, Selz Capital LLC, Hamilton Lane Advisors LLC, Gagnon Advisors LLC, Northern Trust Corp, Legal & General Group Plc, Falcon Point Capital LLC and Raymond James & Associates. Company insiders that have sold Castlight Health company stock in the last year include John C Doyle, Maeve O'meara, Mangini Siobhan Nolan, MP Eric Chan, Neeraj Gupta and Seth B Cohen. View Insider Buying and Selling for Castlight Health.

Which institutional investors are buying Castlight Health stock?

CSLT stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Raging Capital Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Oregon Public Employees Retirement Fund, Bellevue Group AG and D. E. Shaw & Co. Inc.. View Insider Buying and Selling for Castlight Health.

How do I buy shares of Castlight Health?

Shares of CSLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Castlight Health's stock price today?

One share of CSLT stock can currently be purchased for approximately $3.81.

How big of a company is Castlight Health?

Castlight Health has a market capitalization of $546.81 million and generates $156.40 million in revenue each year. The software maker earns $-39,710,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

What is Castlight Health's official website?

The official website for Castlight Health is http://www.castlighthealth.com.

How can I contact Castlight Health?

Castlight Health's mailing address is 150 SPEAR STREET SUITE 400, SAN FRANCISCO CA, 94105. The software maker can be reached via phone at 415-829-1400 or via email at [email protected]


MarketBeat Community Rating for Castlight Health (NYSE CSLT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  483
MarketBeat's community ratings are surveys of what our community members think about Castlight Health and other stocks. Vote "Outperform" if you believe CSLT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CSLT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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