Shares of Quality Systems, Inc. (NASDAQ:QSII) ended Monday session in green amid volatile trading. The shares closed up +0.92 points or 8.01% at $12.40 with 1.98 million shares getting traded. Post opening the session at $12.42, the shares hit an intraday low of $12.21 and an intraday high of $12.81 and the price vacillated in this range throughout the day. The company has a market cap of $781.75 million and the numbers of outstanding shares have been calculated to be 61.51 million shares.
NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (QSII) offered a statement in response to the Centers for Medicare & Medicaid Services (CMS) release of the long-anticipated final rule for implementing the MACRA law passed in 2015.
In response to the MACRA Final Rule announcement, Rusty Frantz, NextGen Healthcare president and CEO, said, “NextGen Healthcare is fully-committed to supporting our clients through this transition. We have proactively developed a comprehensive suite of tools and a support infrastructure that includes complimentary education programs, a value-based readiness survey to assess a client’s current state, as well as full consulting services to help guide clients and ensure they optimize reimbursement under the MACRA program.”
Shares of Ceragon Networks Ltd (NASDAQ:CRNT) ended Monday session in green amid volatile trading. The shares closed up +0.16 points or 7.80% at $2.21 with 620,561 shares getting traded. Post opening the session at $2.06, the shares hit an intraday low of $2.06 and an intraday high of $2.24 and the price vacillated in this range throughout the day. The company has a market cap of $172.56 million and the numbers of outstanding shares have been calculated to be 77.64 million shares.
Ceragon Networks Ltd (CRNT) reported results for the second quarter which ended June 30, 2016.
Second Quarter 2016 Highlights:
Revenues – $70.0 million, down 26% from the second quarter of 2015, and up 17% from the first quarter of 2016.
Gross margin – 34.7%, compared to 28.2% in the second quarter of 2015 and 35.6% in the first quarter of 2016.
Operating income – $4.0 million, compared to $5.9 million in the second quarter of 2015, and $1.2 million in the first quarter of 2016.
Net income (loss) – net income of $0.1 million, or $0.00 per diluted share for the second quarter of 2016. Net income for the second quarter of 2015 was $1.3 million, or $0.02 per diluted share. Net loss for the first quarter of 2016 was $(0.4) million or $(0.01) per diluted share.
Non-GAAP results – gross margin was 35.5%, operating profit was $4.9 million, and net income was $1.6 million, or $0.02 per diluted share.
Cash and cash equivalents – $34.4 million at June 30, 2016, compared to $41.8 million at March 31, 2016.