Cerner (CERN) Bookings Miss, Buy Weakness - FBR

Piper Jaffray Cuts Price Target as Cerner (CERN) Reports Bookings Miss

Piper 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

UBS 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

Leerink 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

Evercore ISI Downgrades Cerner (CERN) to Hold

Evercore 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

Cerner (CERN) Tops Q4 EPS by 4c; Guides In-Line

Cerner (NASDAQ: CERN) reported Q4 EPS of $0.61, $0.04 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.18 billion.

GUIDANCE:

Cerner sees Q1 2016 EPS of $0.52-$0.54, versus the consensus of $0.54. Cerner sees Q1... More