MODN Stock Recent News

Model N (MODN) witnessed a top-line expansion year over year in the second quarter of 2023 driven by solid growth in SaaS revenue and Professional services.

Model N (MODN) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.14 per share a year ago.

Model N (MODN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Negative market sentiment sent Model N shares lower. Investors did not react well to the latest strong quarterly earnings report.

Model N Inc. ( MODN , Financial) has seen its market value rise more than 32% in the last 12 months despite the difficult economic climate for many software companies. This growth can be attributed to increased demand for Model N's products and services.

Solid contribution from subscription business helps Model N (MODN) surpass first-quarter fiscal 2023 earnings estimates.

Model N, Inc. (NYSE:MODN ) Q1 2023 Earnings Conference Call February 7, 2023 5:00 PM ET Company Participants Carolyn Bass – Investor Relations Jason Blessing – Chief Executive Officer John Ederer – Chief Financial Officer Conference Call Participants Matt VanVliet – BTIG Joe Vruwink – Robert W. Baird Chad Bennett – Craig-Hallum Joe Meares – Truist Ryan MacDonald – Needham & Company Joe Goodwin – JMP Securities Johnathan McCary – Raymond James Operator Greetings, and welcome to Model N's First Quarter Fiscal 2023 Earnings Conference Call.

Model N (MODN) delivered earnings and revenue surprises of 4.55% and 2.85%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Does Model N (MODN) have what it takes to be a top stock pick for momentum investors? Let's find out.