Castlight Health (NYSE:CSLT) is one of the more controversial $200 million initial public offerings, according to one IPO expert, given the company’s $3.9 billion day-one market cap, its meager $13 million in annual revenue and negative gross margins. But before pundits use Castlight as a proxy for a new bubble, the offering may shed light on the businesses that investors are willing to pay for in current markets. Castlight Health Inc. (NYSE:CSLT) shares after opening at $23.00 moved to $24.00 on last trade day and at the end of the day closed at $21.42. Company price to sales ratio in past twelve months was calculated as 142.64 and price to cash ratio as 27.59. Castlight Health Inc. (NYSE:CSLT) showed a negative weekly performance of -27.02%.
Bedford’s Progress Software Corp. (NASDAQ:PRGS) reported a drop in first-quarter revenue to $74.5 million, compared to $83.7 million last year. Progress Software Corporation (NASDAQ:PRGS) shares fell -2.59% in last trading session and ended the day on $21.09. PRGS return on equity ratio is recorded as 13.80% and its return on assets is 10.50%. Progress Software Corporation (NASDAQ:PRGS) yearly performance is -7.62%.
Analysts at Needham & Company LLC initiated coverage on shares of Varonis Systems (NASDAQ:VRNS) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $48.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 25.07% from the company’s current price. Varonis Systems Inc. (NASDAQ:VRNS) shares moved down -4.15% in last trading session and was closed at $35.08, while trading in range of $34.72 – $37.84. Varonis Systems Inc. (NASDAQ:VRNS) year to date (YTD) performance is -18.78%.
On 27 February Touch-screen technology maker Uni-Pixel (NASDAQ:UNXL) afternoon reported Q4 revenue that topped analysts’ estimates by a wide margin, and a much deeper-than-expected loss per share. UniPixel Inc. (NASDAQ:UNXL) weekly performance is -14.46%. On last trading day company shares ended up $7.63. UniPixel Inc. (NASDAQ:UNXL) distance from 50-day simple moving average (SMA50) is -20.71%. Analysts mean target price for the company is $12.33.
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