Barclays Maintains an 'Equalweight' on Cerner (CERN); Even Stronger Bookings in Q3, With 2011 EPS Uptick
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Price: $94.92 --0%
Rating Summary:
8 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Cerner (NASDAQ: CERN) price target of $74.00.
Barclays analyst says, "Cerner's strong bookings and revenues reflected more of the same, and in a good way. Once again we saw a nice beat on bookings, with the company reporting $650 million in bookings (exceeded our estimates by 8.2%) for yet another quarter with over 30% bookings growth (and CERN's second best quarterly bookings ever)...And along with management tone foretelling continued demand into 2012 and beyond, we saw CERN's third consecutive raise to 2011 guidance, with management now seeing EPS in the range of $1.83 to $1.85. With the strong result and EPS beat, we are raising our 2011 EPS to $1.85."
For more ratings news on Cerner click here and for the rating history of Cerner click here.
Shares of Cerner closed at $65.49 yesterday.
Barclays analyst says, "Cerner's strong bookings and revenues reflected more of the same, and in a good way. Once again we saw a nice beat on bookings, with the company reporting $650 million in bookings (exceeded our estimates by 8.2%) for yet another quarter with over 30% bookings growth (and CERN's second best quarterly bookings ever)...And along with management tone foretelling continued demand into 2012 and beyond, we saw CERN's third consecutive raise to 2011 guidance, with management now seeing EPS in the range of $1.83 to $1.85. With the strong result and EPS beat, we are raising our 2011 EPS to $1.85."
For more ratings news on Cerner click here and for the rating history of Cerner click here.
Shares of Cerner closed at $65.49 yesterday.
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