MODN Stock Recent News

Model N (MODN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

With healthy fundamentals and upward estimate revisions, Model N (MODN) appears to be an enticing investment option at the moment.

Model N (MODN) reports higher revenues year over year in the fourth quarter of fiscal 2023, backed by solid net sales growth in the Professional Services and Subscriptions business.

Model N, Inc. (NYSE:MODN ) Q4 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Carolyn Bass - Market Street Partners Jason Blessing - Chief Executive Officer John Ederer - Chief Financial Officer Conference Call Participants Adam Hotchkiss - Goldman Sachs Ryan MacDonald - Needham & Company Rishi Jaluria - RBC Capital Markets Nick Mattiacci - Craig-Hallum Capital Group Matt VanVliet - BTIG Billy Fitzsimmons - Jefferies Johnathan McCary - Raymond James Patrick Walravens - JMP Securities Operator Good afternoon, and welcome to Model N Fourth Quarter 2023 Earnings Conference. [Operator Instructions] As a reminder, today's conference is being recorded.

Although the revenue and EPS for Model N (MODN) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Model N (MODN) is expected to report higher revenues year over year, backed by the growing adoption of its cloud based solutions.

I am positive about Model N due to its strong performance in revenue management solutions for life sciences and high-tech companies. MODN has consistently achieved double-digit revenue growth rates and a positive EBITDA trajectory, demonstrating resilience and robustness. The company's successful transition to a SaaS business model and alignment with industry growth projections solidify its position as a promising investment.

Model N (MODN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Model N (MODN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Model N (MODN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.