Cerner (CERN) PT Cut to $75 at UBS on Mixed Outlook
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Cerner (CERN) Numbers Cut at Piper Jaffray But Remains Positive on 'High Quality Bookings Beat'
November 4, 2015 8:36 AM ESTPiper Jaffray analyst Sean Wieland cut estimates and his price target on Cerner (NASDAQ: CERN) to $82.00 (from $87.00) but maintained an Overweight rating. While revenue was weak, high quality bookings keeps them positive.
Wieland commented, "The dog ate their homework again on revenue, but... More
Cerner's (CERN) Reports In-Line EPS Due to Better Than Expected GM and Tax; Cowen Cuts Price Target to $70
November 4, 2015 8:27 AM ESTCowen maintained an Outperform rating on Cerner (NASDAQ: CERN), and cut the price target to $70.00 (from $76.00), following the company's 3Q earnings report. CERN reported 3Q15 revenues of $1.13B which was below consensus of $1.17B and guidance of $1.15B-$1.20B. However, adjusted EPS of $0.54 was... More
Leerink Partners Maintains Bullish View on Cerner (CERN) Despite Revenue Weakness and Disappointing Guidance
November 4, 2015 6:58 AM ESTLeerink Partners analyst David Larsen maintained an Outperform rating and $80 price target on Cerner (NASDAQ: CERN) following Q3 results which showed record bookings but revenue weakness and disappointing guidance.
Larsen commented, "This afternoon CERN reported 3Q:15 results with total revenue of $1,128M... More
Cerner (CERN) Reports In-Line Q3 EPS, Offers Q4 and FY16 Guidance
November 3, 2015 4:05 PM ESTCerner (NASDAQ: CERN) reported Q3 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.17 billion.
Cerner sees Q4 2015 EPS of $0.56-$0.58, versus the consensus of $0.61. Cerner sees Q4 2015 revenue of $1.15-1.20 billion, versus the... More
