Benefitfocus Soars on Earnings and Mercer Investment

February 25, 2015 • Free, Top News • Tags: ,

Shares of Benefitfocus (BNFT) were up nearly 50%  today continuing the upward trajectory after the company’s release of Q4 FY 2014 earnings surprsise. The cloud based software company which went public in the fourth quarter of 2013 has had a roller-coaster ride like experience in terms of share price, hitting an all-time high of $71.71 in March of 2014 and dropping all the way to $ 20.82 in October 2014. With the previous quarter providing better than expected numbers, guidance being generally better than analysts’ estimates and Mercer announcing a 9.9% equity investment in the company, Benefitfocus may have finally turned the corner.

Q4 Growth Spilling into 2015

The South Carolina company that  provides employers, insurance carriers and consumers with cloud-based technolog...

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