Cerner Corporation (CERN) Earning Somewhat Favorable News Coverage, Report Finds
Headlines about Cerner Corporation (NASDAQ:CERN) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cerner Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1100107126208 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Computer system upgrade causing delays at Banner’s Tucson hospitals, clinics (tucson.com)
- Cerner : Computer system upgrade causing delays at Banner’s Tucson hospitals, clinics (4-traders.com)
- Banner’s Tucson hospitals, clinics in ‘painful period’ with computer system (tucson.com)
- Cerner : Banner’s Tucson hospitals, clinics in ‘painful period’ with computer system (4-traders.com)
- VA secretary seeks $782M for Cerner contract (finance.yahoo.com)
Shares of Cerner Corporation (NASDAQ CERN) traded down $0.14 during trading on Friday, reaching $65.40. The company’s stock had a trading volume of 1,653,617 shares, compared to its average volume of 2,305,366. Cerner Corporation has a fifty-two week low of $47.01 and a fifty-two week high of $73.86. The firm has a market cap of $21,739.94, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts expect that Cerner Corporation will post 2.26 EPS for the current year.
A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued a “buy” rating on shares of Cerner Corporation in a research note on Wednesday, October 25th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Cerner Corporation in a research note on Sunday, October 29th. Zacks Investment Research cut shares of Cerner Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Cerner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 price target on shares of Cerner Corporation in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $69.79.
In other Cerner Corporation news, SVP Randy D. Sims sold 60,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $68.03, for a total transaction of $4,081,800.00. Following the transaction, the senior vice president now owns 60,890 shares in the company, valued at approximately $4,142,346.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Clifford W. Illig sold 4,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the transaction, the chairman now owns 1,229,719 shares in the company, valued at approximately $81,112,265.24. The disclosure for this sale can be found here. Insiders have sold a total of 257,470 shares of company stock valued at $17,695,482 in the last ninety days. Insiders own 13.20% of the company’s stock.
Cerner Corporation Company Profile
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
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