Cerner Corporation (CERN) is Initiated by BofA/Merrill to Neutral, Price Target at $67

Cerner Corporation (CERN) was Initiated by BofA/Merrill to “Neutral” and the brokerage firm has set the Price Target at $67. BofA/Merrill advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Cerner Corporation. BofA/Merrill Initiated Cerner Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $67.Cerner Corporation was Resumed by Stifel to “Hold” on Aug 31, 2016. 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 .

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 -0.75 points or -1.19% at $62.02 with 3,746,988 shares getting traded on Friday. Post opening the session at $62.8, the shares hit an intraday low of $61.8196 and an intraday high of $62.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 7, 2016, Linda M Dillman (director) sold 6,000 shares at $64.68 per share price. According to the SEC, on Aug 19, 2016, Clifford W Illig (Vice Chairman) sold 325,705 shares at $65.10 per share price. On Aug 12, 2016, Zane M Burke (President) sold 149,480 shares at $66.73 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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