CEO David Trainer sat down with Chuck Jaffe of Money Life and MarketWatch.com this week to talk about our Danger Zone pick this week: cloud stock athenahealth (ATHN).
Athenahealth (stylized as athenahealth) is a cloud-based provider of software and services to the health care industry. It’s hard to short cloud stocks in this environment, and we’ve been burned before. However, there are a few tailwinds that athenahealth has been benefitting from that have disappeared, making this stock’s short prospects even better. Increased competition in the healthcare cloud services space has eroded athenahealth’s profitability and the company’s future looks much less profitable than it did several years ago.
Listen below:
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