Cerner Corporation (CERN) Releases Earnings Results, Reports EPS of $0.53 EPS

Cerner Corporation (CERN) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.53 EPS for the quarter. Analysts had a consensus estimate of $0.53. The company posted revenue of $1140.00 million in the period, compared to analysts expectations of $1167.19 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Shares were Reiterated by Topeka Capital Markets on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $68 .Cerner Corporation was Downgraded by Goldman to ” Neutral” on Feb 23, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Top Pick” and Lowered the Price Target to $ 70 from a previous price target of $75 .

Cerner Corporation closed down -1.2 points or -2.11% at $55.72 with 16,67,971 shares getting traded on Wednesday. Post opening the session at $56.53, the shares hit an intraday low of $55.53 and an intraday high of $56.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 22, 2016, William D Zollars (director) sold 11,680 shares at $51.40 per share price. According to the SEC, on Feb 22, 2016, Jeffrey A Townsend (Exec. VP & Chief of Staff) sold 100,000 shares at $51.48 per share price. On Dec 15, 2015, Julie M Wilson (EVP & Chief People Officer) sold 2,821 shares at $60.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical financial and operational needs of organizations. The Company offers software hardware professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba Australia Austria Brazil Canada Cayman Islands Chile Egypt England Finland France Germany Guam India Ireland Israel Malaysia Mexico Netherlands Qatar Saudi Arabia Singapore Spain Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries Cerner ITWorks Cerner RevWorks PowerWorks and CommunityWorks among others.

Cerner Corporation

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