NASDAQ:CERN - Cerner Stock Price, News, & Analysis

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$57.91 +1.11 (+1.95 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$56.80
Today's Range$56.92 - $58.00
52-Week Range$48.78 - $67.57
Volume2.10 million shs
Average Volume2.52 million shs
Market Capitalization$18.78 billion
P/E Ratio26.20
Dividend YieldN/A
Beta0.99
Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers. It also provides HealtheIntent platform, a cloud-based platform that enables organizations to aggregate, transform, and reconcile data across the continuum of care, as well as EHR agnostic platform, CareAware that facilitates connectivity of health care devices to EHRs. In addition, the company offers a portfolio of clinical and financial health care information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions; and various complementary services, including support, hosting, managed, implementation, and strategic consulting services. Further, it provides various services, such as implementation and training, remote hosting, operational management, revenue cycle, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs, and third party administrator services; and complementary hardware and devices for third parties. It serves integrated delivery networks, managed care organizations, hospitals, medical centers, reference laboratories, home health agencies, blood banks, imaging centers, pharmaceutical manufacturers, employers, governments, and public health organizations. It has a strategic collaboration with Christiana Care Health System to provide a weight loss surgery program. Cerner Corporation was founded in 1979 and is headquartered in North Kansas City, Missouri.

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Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryHealth Care Technology
SectorMedical
Current SymbolNASDAQ:CERN
CUSIP15678210
Phone816-221-1024

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.37 billion
Cash Flow$4.3281 per share
Book Value$15.19 per share

Profitability

Net Income$630.05 million

Miscellaneous

Employees26,000
Market Cap$18.78 billion
OptionableOptionable

Cerner (NASDAQ:CERN) Frequently Asked Questions

What is Cerner's stock symbol?

Cerner trades on the NASDAQ under the ticker symbol "CERN."

How will Cerner's stock buyback program work?

Cerner declared that its board has initiated a share buyback program on Sunday, June 4th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Cerner's earnings last quarter?

Cerner Co. (NASDAQ:CERN) released its quarterly earnings data on Tuesday, February, 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The business earned $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. Cerner had a net margin of 11.74% and a return on equity of 14.84%. Cerner's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. View Cerner's Earnings History.

When is Cerner's next earnings date?

Cerner is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Cerner.

What guidance has Cerner issued on next quarter's earnings?

Cerner issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share (EPS) guidance of $2.57-2.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.68. The company issued revenue guidance of $5.650-5.850 billion, compared to the consensus revenue estimate of $5.80 billion.Cerner also updated its FY 2019 guidance to $2.57-2.67 EPS.

What price target have analysts set for CERN?

16 equities research analysts have issued 12-month price objectives for Cerner's stock. Their predictions range from $54.00 to $76.00. On average, they anticipate Cerner's stock price to reach $68.9036 in the next year. This suggests a possible upside of 19.0% from the stock's current price. View Analyst Price Targets for Cerner.

What is the consensus analysts' recommendation for Cerner?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cerner in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cerner.

What are Wall Street analysts saying about Cerner stock?

Here are some recent quotes from research analysts about Cerner stock:
  • 1. According to Zacks Investment Research, "Cerner exited the fourth quarter on a mixed note. While earnings met the consensus mark, revenues lagged. However, the company continues to witness strong contributions from key areas like, Population Health, Revenue Cycle and IT Works. Strong international performance in the quarter is an added positive. Also, gains in Professional and Managed Services units buoy optimism. Cerner is likely to benefit from its EHR, EPR or EMR platforms that provide patient care in both acute inpatient and outpatient settings. On a dull note, Cerner’s Licensed Software and Subscriptions revenues saw a year-over-year decline in the quarter. In fact, management expects low software bookings to negatively impact total bookings in the upcoming quarter. Contraction in operating margins too adds to the woes. Furthermore, high long-term debt and competition in the global HCIT space are worrisome. Cerner underperformed the industry in a year's time. " (2/12/2019)
  • 2. Cantor Fitzgerald analysts commented, "Our rating remains Overweight and our PT remains $80. Although some amount of investor skepticism regarding the company’s growth outlook continues to temper valuation levels, we do not share those concerns. Our long-term DCF model assumptions are mostly conservative, with high single-digit revenue growth and modest margin expansion. Capital spending should moderate in 2019. We think the shares offer a compelling risk/reward trade off (including the potential impact from the VA contract). Valuation Summary Cerner shares trade at a 25% discount to our DCF-based price target of $80 (including the VA contract)." (9/12/2018)

Has Cerner been receiving favorable news coverage?

Press coverage about CERN stock has trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cerner earned a news sentiment score of 1.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.

Who are some of Cerner's key competitors?

Who are Cerner's key executives?

Cerner's management team includes the folowing people:
  • Mr. Marc G. Naughton, Exec. VP & CFO (Age 64)
  • Mr. Michael R. Nill, Exec. VP & COO (Age 54)
  • Mr. Jeffrey A. Townsend, Exec. VP & Chief of Innovation (Age 55)
  • Mr. David Brent Shafer, Chairman & CEO (Age 62)
  • Mr. Michael Robin, Partner and VP

Who are Cerner's major shareholders?

Cerner's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.70%), Bank of New York Mellon Corp (4.34%), Parnassus Investments CA (2.98%), Geode Capital Management LLC (1.46%), Oregon Public Employees Retirement Fund (1.09%) and Northern Trust Corp (1.08%). Company insiders that own Cerner stock include Clifford W Illig, David Brent Shafer, Denis A Cortese, Gerald E Bisbee, Jr, Jeffrey A Townsend, Julie M Wilson, Linda M Dillman, Marc G Naughton, Michael Nill, Michael R Battaglioli, Neal L Patterson, Randy D Sims, William D Zollars and Zane M Burke. View Institutional Ownership Trends for Cerner.

Which major investors are selling Cerner stock?

CERN stock was sold by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Bank of New York Mellon Corp, Two Sigma Advisers LP, Two Sigma Investments LP, Morningstar Investment Services LLC, First Quadrant L P CA, New York State Common Retirement Fund and Douglas Lane & Associates LLC. Company insiders that have sold Cerner company stock in the last year include Clifford W Illig, David Brent Shafer, Denis A Cortese, Julie M Wilson, Linda M Dillman, Michael R Battaglioli, William D Zollars and Zane M Burke. View Insider Buying and Selling for Cerner.

Which major investors are buying Cerner stock?

CERN stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Parnassus Investments CA, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, Mackenzie Financial Corp, State of Tennessee Treasury Department, Los Angeles Capital Management & Equity Research Inc. and Millennium Management LLC. View Insider Buying and Selling for Cerner.

How do I buy shares of Cerner?

Shares of CERN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cerner's stock price today?

One share of CERN stock can currently be purchased for approximately $57.91.

How big of a company is Cerner?

Cerner has a market capitalization of $18.78 billion and generates $5.37 billion in revenue each year. The company earns $630.05 million in net income (profit) each year or $2.21 on an earnings per share basis. Cerner employs 26,000 workers across the globe.

What is Cerner's official website?

The official website for Cerner is http://www.cerner.com.

How can I contact Cerner?

Cerner's mailing address is 2800 ROCKCREEK PKWY W0162, NORTH KANSAS CITY MO, 64117. The company can be reached via phone at 816-221-1024 or via email at [email protected]


MarketBeat Community Rating for Cerner (NASDAQ CERN)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  867 (Vote Outperform)
Underperform Votes:  543 (Vote Underperform)
Total Votes:  1,410
MarketBeat's community ratings are surveys of what our community members think about Cerner and other stocks. Vote "Outperform" if you believe CERN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CERN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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