Raymond James Downgrades Cerner Corporation to Market Perform

Brokerage firm Raymond James Downgrades its rating on Cerner Corporation(NASDAQ:CERN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 5, 2016.

In a different note, On Jun 23, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Cerner Corporation. The shares have been rated ‘Buy’ by the firm.

Cerner Corporation (CERN) made into the market gainers list on Fridays trading session with the shares advancing 1.69% or 1.01 points. Due to strong positive momentum, the stock ended at $60.62, which is also near the day’s high of $60.79. The stock began the session at $59.99 and the volume stood at 23,62,898 shares. The 52-week high of the shares is $75 and the 52 week low is $49.59. The company has a current market capitalization of $20,495 M and it has 33,80,81,820 shares in outstanding.

Cerner Corporation(CERN) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.14B. Analysts had an estimated revenue of $1.17B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, William D Zollars (director) sold 9,000 shares at $55.72 per share price.Also, On May 23, 2016, Linda M Dillman (director) sold 3,700 shares at $54.46 per share price.On May 13, 2016, Neal L Patterson (Chairman and CEO) sold 40,000 shares at $54.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical financial and operational needs of organizations. The Company offers software hardware professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba Australia Austria Brazil Canada Cayman Islands Chile Egypt England Finland France Germany Guam India Ireland Israel Malaysia Mexico Netherlands Qatar Saudi Arabia Singapore Spain Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries Cerner ITWorks Cerner RevWorks PowerWorks and CommunityWorks among others.

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