Under Valued Investment Opportunity? Castlight Health Inc(CSLT), iPass Inc.(IPAS) and Host Hotels and Resorts Inc(HST)
New York, NY – GDP INSIDER – 02/20/2015.
This article discusses three companies Castlight Health Inc(NYSE:CSLT), iPass Inc.(NYSE:IPAS) and Host Hotels and Resorts Inc(NYSE:HST)
Castlight Health Inc(NYSE:CSLT) took a serious blow yesterday after it was downgraded by Cancaccord Genuity as a result of its less than spectacular Q4 financial results released on Wednesday. The healthcare technology information solutions company closed down 30.87% or $2.92 at $6.54 on very heavy trading volumes of 9.01 million shares. Castlight Health Inc reported that it had a Q4 loss of 17 cents per share which was well below market expectations. The stock has been steadily declining for most of the year but at this price there may be some upside potential.
iPass Inc.(NYSE:IPAS) stock plummeted 28.56% to $0.90 yesterday after the company announced it was abandoning its plan to find a buyer for the company, and removed its CEO. The Wi-Fi Service Provider’s stock price has been on a downward rollercoaster since it announced it was looking for a buyer last September. Even though iPass Inc. announced yesterday it was to start partnering with Regus plc giving it access to new markets, investors decided enough was enough, at least for now. Once the dust settles the stock at this price may be a bargain.
Host Hotels and Resorts Inc(NYSE:HST) the real estate investment trust dropped 7.09%% to close at $21.87 yesterday with 16.79 million shares changing hands compared to its three month average trading volume of 6.12 million shares. The main driver behind the decline was the release of its Q4 financial results which showed a 0.8% drop in revenue year on year. Revenue for the entire year was up 3.6% from the previous year and it managed to reduce debt by $800 million to $4 billion. If occupancy and revenues rise then it could still make its one year estimate of $24.98.
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