.jpg "Cerner Corp (NASDAQ: CERN)")
Today it was reported that the President of Cerner Corp (NASDAQ: CERN), Zane Burke, exercised options to sell 151,818 CERN shares at $55.70 a share, for a total transaction value of $9.93M.
In addition to Zane Burke, 4 other CERN executives reported Sell trades in the last month.
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Based on Cerner Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.37 billion and quarterly net profit of $169 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $180 million. CERN’s market cap is $21.63B and the company has a P/E ratio of 25.96. Currently, Cerner Corp has an average volume of 1M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy CERN with a $80 price target. Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $69.82, reflecting a 7.2% upside.
The insider sentiment on Cerner Corp has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.
