NEW YORK, May 12, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Moments ago, Analysts Review released new research updates concerning several important developing situations including Inovalon Holdings, Inc. (NASDAQ: INOV), iCAD, Inc. (NASDAQ: ICAD), Cogent Communications Holdings, Inc. (NASDAQ: CCOI), Varonis Systems, Inc. (NASDAQ: VRNS), and EPAM Systems, Inc. (NYSE: EPAM). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA(R) research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

To access our full PDF reports on a complementary basis, please visit the links below.

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Today's update concerns the following companies:

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Full PDF Download Links (you may have to copy and paste the following links into your browser):

INOV Research Report: ( http://get.analystsreview.com/pdf/?c=Inovalon%20Holdings&d=12-May-2015&s=INOV ),

ICAD Research Report: ( http://get.analystsreview.com/pdf/?c=iCAD%20Inc&d=12-May-2015&s=ICAD),

CCOI Research Report: ( http://get.analystsreview.com/pdf/?c=Cogent%20Communications&d=12-May-2015&s=CCOI ),

VRNS Research Report: ( http://get.analystsreview.com/pdf/?c=Varonis%20Systems&d=12-May-2015&s=VRNS ),

EPAM Research Report: ( http://get.analystsreview.com/pdf/?c=EPAM%20Systems&d=12-May-2015&s=EPAM ).

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Analyst Update: Earnings Update

The U.S. markets ended lower on Monday as the concern over Greece's precarious financial condition and China's slowing growth weighed on the investor sentiment. The energy index saw a sharp sell off on the back of weak oil prices. The Dow Jones Industrial Average fell by 85.94 points or 0.47% to close the day at 18,105.17. The NASDAQ and S&P 500 ended the day at 4,993.57 and 2,105.33, respectively, down by 0.2% and 0.51%, respectively, for the day. The European markets too ended the day in the red on Greece debt fears. The FTSE 100 was down 0.24%, DAX lost 0.31%, and CAC 40 plunged 1.23%. However, Asian markets (excluding Australia), traded higher as investors cheered China's latest cut in interest rates to boost its slowing economy.

Inovalon announced its Q1 FY15 results on May 6, 2015. Revenue for the first quarter of 2015 was $93.6 million, an increase of 11%, compared to Q1 FY14. Cost of revenue for the quarter was $31.9 million, or 34% of revenue, same percentage of revenue as that of the prior-year quarter.

iCAD, Inc., a provider of advanced image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer, reported financial results for Q1 FY15, on April 30, 2015. Revenue for Q1 FY15 increased 55.2% to $13.2 million, compared to Q1 FY14. Product revenue declined 6% YoY, while service revenue, which comprised about 70% of total revenue, rose 114.8% YoY.

Cogent Communications reported first quarter 2015 results on May 7, 2015 with service revenue, on a constant currency basis, of $97.2 million, a 9.3% increase from Q1 FY14 level. Non-GAAP gross profit increased 3.9% from $54.2 million for Q1 FY14 to $56.3 million for Q1 FY15.

On May 6, 2015, Varonis Systems, Inc. announced financial results for Q1 FY15. Total revenues were $23.0 million, up 32%, compared with Q1 FY14. GAAP operating loss was $11.6 million for the quarter, compared to $7.9 million in Q1 FY14.

On May 6, 2015, EPAM Systems, Inc. announced financial results for Q1 FY15. Revenues increased to $200 million, up 24.7% over the same period last year and up 33.7% in constant currency year-over-year.

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