CSLT

Castlight Health Inc.

Healthcare


Presented:05/14/2014
Price:$15.60
Cap:$1.40B
Current Price:$2.05
Cap:$0.33B

Presented

Date05/14/2014
Price$15.60
Market Cap$1.40B
Ent Value$1.18B
P/E RatioN/A
Book Value$1.95
Div YieldN/A
Shares O/S89.50M
Ave Daily Vol1,300,000
Short Int6.60%

Current

Price$2.05
Market Cap$0.33B
Castlight Health, Inc. provides cloud-based software for enterprises in the United States. Its software enables enterprises to control their health care costs. The company offers Enterprise Healthcare Cloud through a suite of applications that transforms complex data from various internal and external sources into transparent and useful information for employers, and their employees and families. It also provides communication and engagement, implementation, customer support, and training services. Castlight Health, Inc. serves employers in a range of industries, such as education, manufacturing, retail, technology, and government. The company was formerly known as Ventana Health Services and changed its name to Castlight Health, Inc. in April 2010. Castlight Health, Inc. was founded in 2008 and is headquartered in San Francisco, California.

Publicly traded companies mentioned herein: Castlight Health, Inc. (CSLT), UnitedHealth Group Incorporated (UNH)

Highlights

The presenter is short shares of Castlight Health (CSLT) and believes the multiple to sales is simply too rich for the potential growth trajectory. CSLT recently came public (March, 2014) and garnered much scrutiny from the press, but shares jumped from $16 to $40 (making the company worth nearly $3 billion). The hype has since waned to a certain extent, but with guidance for just $40-42 million of revenues this year, the roughly $1.4 billion market cap is still too high, in his opinion.

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Idea Discussion

Commentor 1 - 2 weeks ago

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