Cerner Corporation (NASDAQ:CERN) Receives Media Sentiment Rating of 0.23
Press coverage about Cerner Corporation (NASDAQ:CERN) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cerner Corporation earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.3220065453796 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Cerner Corporation (CERN) Raising Eyebrows Among Investors – StockNewsGazette (stocknewsgazette.com)
- Cerner Corporation (NASDAQ:CERN) Expected to Announce Quarterly Sales of $1.29 Billion (americanbankingnews.com)
- Norges Bank Adjusts Its Position in Cerner Corporation (CERN) Stock – Modern Readers (modernreaders.com)
- Norges Bank Bought A Little More Cerner Corporation (CERN) Stock Last Quarter – Modern Readers (modernreaders.com)
- IHS Markit Score downgrades Cerner Corp to 59 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
Several equities analysts have recently weighed in on CERN shares. Barclays PLC restated a “hold” rating and set a $60.00 price objective on shares of Cerner Corporation in a research report on Monday, May 1st. Leerink Swann set a $65.00 price objective on shares of Cerner Corporation and gave the company a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Cerner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG raised their price objective on shares of Cerner Corporation from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $74.00 price objective on shares of Cerner Corporation in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. Cerner Corporation has an average rating of “Hold” and a consensus price target of $65.79.
Shares of Cerner Corporation (CERN) traded down 1.42% on Thursday, hitting $61.60. 1,603,753 shares of the company’s stock traded hands. Cerner Corporation has a 1-year low of $47.01 and a 1-year high of $69.28. The firm’s 50-day moving average price is $65.38 and its 200 day moving average price is $60.99. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 31.13 and a beta of 0.95.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. Cerner Corporation had a net margin of 13.47% and a return on equity of 18.18%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. On average, equities research analysts expect that Cerner Corporation will post $2.50 earnings per share for the current year.
Cerner Corporation declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 25th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In related news, CFO Marc G. Naughton sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $68.63, for a total value of $4,117,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald E. Bisbee, Jr. sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $67.97, for a total value of $421,414.00. The disclosure for this sale can be found here. Insiders sold a total of 173,800 shares of company stock valued at $11,691,978 over the last quarter. 13.20% of the stock is owned by insiders.
About Cerner Corporation
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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