Cerner Corporation (CERN) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 70

Cerner Corporation (CERN) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $66 . Deutsche Bank advised their investors in a research report released on Aug 15, 2016.

Many Wall Street Analysts have commented on Cerner Corporation. Company shares were Reiterated by Barclays on Aug 3, 2016 to “Overweight”, Firm has raised the Price Target to $ 67 from a previous price target of $55 .Cerner Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 5, 2016. Cerner Corporation was Upgraded by SunTrust to ” Buy” on Jun 23, 2016.

On the company’s financial health, Cerner Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.57. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1209.57 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Cerner Corporation closed down -0.61 points or -0.91% at $66.45 with 20,80,359 shares getting traded on Friday. Post opening the session at $66.72, the shares hit an intraday low of $66.18 and an intraday high of $66.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 12, 2016, Zane M Burke (President) sold 149,480 shares at $66.73 per share price. According to the SEC, on Aug 9, 2016, Julie M Wilson (EVP & Chief People Officer) sold 46,923 shares at $67.27 per share price. On Aug 9, 2016, Neal L Patterson (Chairman and CEO) sold 428,638 shares at $67.05 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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