Cerner Corporation (CERN) is Resumed by Stifel to Hold

Cerner Corporation (CERN) was Resumed by Stifel to “Hold”. Stifel advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Cerner Corporation. Company shares were Reiterated by Deutsche Bank on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .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.

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 opened for trading at $64.43 and hit $65.24 on the upside on Monday, eventually ending the session at $65, with a gain of 0.56% or 0.36 points. The heightened volatility saw the trading volume jump to 15,12,660 shares. Company has a market cap of $21,951 M.

In a different news, on Aug 19, 2016, Clifford W Illig (Vice Chairman) sold 325,705 shares at $65.10 per share price. According to the SEC, on Aug 12, 2016, Zane M Burke (President) sold 149,480 shares at $66.73 per share price. On Aug 9, 2016, Julie M Wilson (EVP & Chief People Officer) sold 46,923 shares at $67.27 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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