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GENERAL ELECTRIC COMPANY (GE)
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General Electric : Athenahealth CFO Karl Stubelis Resigns

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07/14/2017 | 05:00pm CEST
   By Justina Vasquez 
 

Athenahealth Inc. chief financial officer Karl Stubelis is resigning from his post next week, less than two months after an activist investor disclosed a stake in the company.

Athenahealth said Friday that Mr. Stubelis is leaving the company July 21, one day after the company is scheduled to report its second-quarter earnings, to pursue other opportunities.

Board of directors chairman John Kane will serve as interim CFO. The firm has retained DHR International to find a permanent finance chief.

In May, hedge fund Elliott Management Corp. reported in a securities filing that it had exposure to 9.2% of Athenahealth's common stock, and wanted to engage the company's board on "numerous operational and strategic opportunities to maximize shareholder value."

The company, which provides network-enabled services for hospital and ambulatory clients, also reaffirmed its full-year revenue and earnings guidance Friday. It expects to generate between $1.21 billion and $1.25 billion in revenue and operating income between $36 million and $46 million.

Athenahealth shares are up 2.2% to $142.75 in morning trading.

Write to Justina Vasquez at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
ATHENAHEALTH, INC 0.57% 144.07 Delayed Quote.7.67%
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Financials ($)
Sales 2018 122 B
EBIT 2018 11 695 M
Net income 2018 7 291 M
Debt 2018 63 970 M
Yield 2018 3,31%
P/E ratio 2018 19,15
P/E ratio 2019 15,87
EV / Sales 2018 1,56x
EV / Sales 2019 1,52x
Capitalization 126 B
Chart GENERAL ELECTRIC COMPANY
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General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
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Mean consensus HOLD
Number of Analysts 16
Average target price 17,1 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
John L. Flannery Chairman & Chief Executive Officer
Daniel C. Janki Treasurer & Senior VP-Global Operations
Jamie S. Miller Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
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