|Bid||61.04 x 900|
|Ask||63.47 x 1400|
|Day's Range||62.23 - 63.43|
|52 Week Range||48.78 - 67.57|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||33.02|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.89|
Jeff Smith, Starboard Value CEO, sits down with CNBC's David Faber for an exclusive interview at the 13D Monitor Active-Passive Investor Summit.
A majority of Cerner's new board members — added after an agreement was reached with an activist investor to refresh its board — own some shares in the health care IT company.
CEO Jeffrey Smith announced a new position in Kar Auction Services, calling the company a “tremendous opportunity” that had an “incredibly compelling” valuation. Smith said Kar Auction is moving ahead with a spin-off of its salvage business, which he expects will serve a near-term catalyst for the stock, and that he saw value both in the spinoff and the former parent. Separately, Smith said that Cerner Corp. shares were “still cheap” despite a recent rally that’s taken shares of the health-care data company up more than 10 percent, an advance that came after the company reached a deal with Starboard over board seats.
Shares of Cerner are up 20% this year but the medical records company can still rise much further as it is still cheap, activist investor Jeff Smith said Tuesday.
Despite ongoing customers' transition from HiSeq consumables to NovaSeq, Illumina's (ILMN) Q1 results are expected to gain from this high throughput suite.
Starboard Value CEO Jeffrey Smith announced Tuesday that the firm has a stake in automobile auction house KAR Auction Services.
Cerner (CERN) and naviHealth coordinate to provide EHR offering that is expected to benefit health care providers in the form of affordable and accessible health care centered on the patient.
Abbott (ABT) expects high single-digit growth in Medical Devices' sales in first-quarter 2019 and continued double-digit growth in certain sub-segments.
Cerner's recent deal with an activist investor fund is viewed as a positive by an analyst as the company continues to improve operational performance.
This week, we'll take multiple looks at Cerner Corp.'s reaction to pressure from an activist investor and the prospective combination of Central Bank of the Midwest and BankLiberty.
A Motley Fool podcast wonders how a shareholder with just 1.2% of stock could shape the health care IT company's strategic direction. Cerner says that the fund's goals were in alignment with the company's and that some changes already were underway.
Health care providers that want to participate in Medicare’s Bundled Payments for Care Improvement Advanced program (BPCI Advanced) can soon look to Cerner, a global leader in health care technology, and naviHealth, an industry leader in post-acute care management, which plan to create a new offering for the program. The new value-based care offering is expected to support affordable and accessible health care centered on the patient. Under BPCI Advanced, providers prospectively agree to a pre-defined reimbursement amount for 32 Centers for Medicare and Medicaid Services (CMS)-defined episodes of care or chronic conditions.
Cerner Corporation (CERN) today announced it will release its first quarter 2019 earnings results after the market closes Thursday, April 25. On the call, Cerner will discuss its results and outlook and answer questions from the investment community. An audio webcast will be available live and archived on Cerner’s website in the Investor Relations section.
jumped more than 10% Tuesday after the company reached an agreement with activist hedge fund Starboard Value LP to appoint four mutually approved directors to its board and boosted its buyback program by $1.2 billion. "We are committed to delivering significant operating margin improvement and returning capital to our shareholders while maintaining an unwavering focus on delivering value to our clients," CEO Brent Shafer said in announcing the moves, which sent Cerner stock 10.3% higher to close at $62.97 on the Nasdaq Stock Market. Current Cerner board member William Zollars has also been appointed to the newly created position of lead independent director, the company said.
The president’s tweets were blamed for the markets decline on Tuesday. We suspect concerns about earnings season contributed to the slide.
Stocks that moved substantially or traded heavily on Tuesday: Boeing Co., down $5.48 to $369.04 The plane maker's deliveries tumbled in the first quarter after two deadly crashes prompted regulators to ...
Cerner stock jumped on the company's pact with activist shareholder Starboard Value to shake up its board of directors and cut costs to improve profit margins. Shares rose by double digits.
Starboard Value LP's efforts result in Cerner appointing four new Starboard-picked members to its board in a broader agreement that includes a pledge to increase its margin targets and buy back $1.2 billion in shares.