Please ensure Javascript is enabled for purposes of website accessibility
1 (800) 326-8826
Chat with us
Subscribe
1 (800) 326-8826
Chat with us
Subscribe
Wall Street’s Best Digest

Castlight Health (CSLT)

This cloud-based health analytics company looks attractive, especially in light of shrinking health care dollars and its discounted valuation.

Castlight Health (CSLT)
from Top Stocks under $10

Castlight Health (CSLT) has a game-changing app that allows company employees to choose health services based on cost and quality. We held this stock once before...

August 5, 2015
•

This cloud-based health analytics company looks attractive, especially in light of shrinking health care dollars and its discounted valuation.

Castlight Health (CSLT)

from Top Stocks under $10

Castlight Health (CSLT) has a game-changing app that allows company employees to choose health services based on cost and quality. We held this stock once before because of its compelling business, exposure to big-data cloud analytics and a beaten-down stock price. Well, it’s been beaten down again, nearing its 52-week low, and it’s time to get back in at a bargain price.

The company provides data analytics for self-insured entities, private and governmental, that are trying to set out health-care costs for employees. Imagine you need to have a costly procedure like a coronary bypass – which can run in excess of $100,000. This service will allow you to find doctors who have a mix of both quality and price, saving you and your employer money.

More than 100 companies, including some of the Fortune 50 and 500, use its data analytics to help reduce costs. For the service, CSLT charges subscription fees. The company also develops other applications that include Castlight Pharmacy, Castlight Rewards and Castlight Reference-Based Pricing, also using big-data cloud analytics to save you money.

This company has a lot going for it, things the Street may be missing, keeping the price low for now:

  1. It recently announced a strategic alliance with Lyra Health to bring its same enterprise services to those who suffer from issues like depression, anxiety and mental disorders – unfortunately a high-growth category.
  2. Was selected by even more organizations like the state of Mississippi and Fifth Third Bank ($17 billion market cap) for its enterprise health-care solutions.

    3. This stock is getting ready for its day in the sun. Let’s get involved again, with a starter position. Buy at $7.40 or better.

    Mandeep Rai, Top Stocks under $10, published by Money and Markets, a Division of Weiss Research, Inc., www.moneyandmarkets.com/services/trading-services/top-stocks-under-10, issues@e.moneyandmarkets.com; 1-800-291-8545, July 28, 2015