Cerner (CERN) Tops Q4 EPS by 4c; Guides In-Line
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Piper Jaffray Cuts Price Target as Cerner (CERN) Reports Bookings Miss
February 17, 2016 8:12 AM ESTPiper Jaffray maintained an Overweight rating on Cerner (NASDAQ: CERN), and cut the price target to $70.00 (from $82.00), following the company's 4Q earnings report. Cerner reported bookings of $1.35B (compared to guidance of $1.45B-$1.55B). Revenue of $1.175B was relatively in-line with consensus... More
UBS Maintains Buy Rating on Cerner (CERN) Following Results; PT Trimmed to $68
February 17, 2016 7:45 AM ESTUBS analyst Steven Valiquette lowered estimates and his price target on Cerner (NASDAQ: CERN) to $68.00 (from $75.00) following fourth quarter results and weak bookings, but reiterated a Buy rating, saying don't throw the baby out with the bath water.
Valiquette commented, "The timing of bookings hit Cerner... More
Cerner's (CERN) Poor Bookings Overshadows an Otherwise Solid Quarter - Leerink Partners Cuts PT to $65
February 17, 2016 7:43 AM ESTLeerink Partners maintained an Outperform rating on Cerner (NASDAQ: CERN), and cut the price target to $65.00 (from $80.00), following the company's 4Q earnings report. CERN reported adjusted EPS of $0.62, which included a $0.04 tax benefit, $0.05 better than consensus. Revenue of $1.175B was also slightly ahead of consensus. However, total... More
Cerner (CERN) Bookings Miss, Buy Weakness - FBR
February 17, 2016 7:16 AM ESTFBR Capital analyst, Steven Halper, maintained his Outperform rating and $73 PT on Cerner (NASDAQ: CERN) despite bookings coming in lighter than expected. He believes the timing of two large deals is to blame rather than demand or pricing pressure making the 13% post market sell off a buying opportunity.
Cerner reported 4Q15 results after the market close on Tuesday, February 16. Revenue was essentially in line and EPS were... More
Evercore ISI Downgrades Cerner (CERN) to Hold
February 17, 2016 6:35 AM ESTEvercore ISI downgraded Cerner (NASDAQ: CERN) from Buy to Hold with a price target of $52.00 (from $68.00).
The firm maintained FY16 EPS at $2.34 given slightly lower revenue and EBITDA estimates, offset by a lower share count following the share repurchase, lowered FY17 EPS from $2.70 to $2.65 due to lower estimates and lower EBITA margins, somewhat... More
