Shares of AthenaHealth Inc. (NASDAQ: ATHN) rose to a two-year high Friday after the clinical software maker forecast continued profit and revenue growth over the next five years, according to Associated Press.
The company makes software to help physicians communicate with patients, schedule appointments, collect payments, organize records and reduce paperwork, among other functions.
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In a presentation to analysts, AthenaHealth said it expects its annual profits to grow more than 40 percent per year into 2014, with revenue rising by at least 30 percent each year. When AthenaHealth went public in 2007, it said it expected revenue growth of more than 30 percent per year through 2011.
In morning trading, shares of the Alpharetta, Ga., company peaked at $47.75. That was their highest price since November 2007, about six weeks after AthenaHealth's IPO. Shares later returned some of those gains, and were up 61 cents at $46.31 in afternoon trading.
AthenaHealth shares last closed under $34 in July.
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