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Tag: Cerner Corporation

  • Takeover Talks: Cerner Corporation (CERN) stock Soars High Pre-Market

    Cerner Corporation (CERN) stock gained a huge 19% in the premarket hours amid speculations of Oracle’s takeover talks of the company.

    During regular trading, the stock barely kept in the green with a small gain of 0.72% at its close of $79.49. Following the emergence of the news in the premarket today, the stock jumped up to $95.

    The medical records company Cerner Corporation has a market capitalization of $23.22 billion, Currently, the company has 294.22 million outstanding shares in the market.

    What is Happening?

    On December 16, news emerged that Oracle Corp. is in talks for the takeover of CERN at about $30 billion. According to Wall Street Journal, the company might soon reach a deal. Furthermore, if the deal goes through, it would be Oracle’s biggest acquisition to date. Moreover, Oracle is the second-largest software company by revenue and market capitalization.

    The emergence of the news caused CERN stock to rally big in the after hours. Hence, it crossed its 52-week high of $84.20, as it reached $97.50. Previously, the stock had attained the 52-week high on January 28, 2021. Currently, it has reached well beyond the 52-week high which will be marked as the new high aftermarket opens on Friday. Further, there is sure enough possibility of the stock crossing the current value if it did not fall under corrections soon.

    CERN’s Quarterly Dividends

    On December 10, the company announced increased quarterly dividends. As per the announcement, CERN’s board of directors issued a quarterly dividend of $0.27 per outstanding share. This shows an increase of 23% from the previous quarter’s dividend of $0.22. Moreover, the record date for shareholders for the dividend is December 27, 2021. Further, the cash dividend will be payable on January 11, 2022.

    Financial Analysis

    On October 29, 2021, the company declared its financial results for the third quarter of 2021. The Q3 ended on September 30, 2021. In the third quarter of 2021, CERN generated revenue of $1.468 billion, against $1.369 billion in Q3 of 2020. This marked an increase of 7% year-over-year. Further, the third quarter’s revenue beat the consensus estimate by 1.16%.

    Moreover, the adjusted non-GAAP diluted earnings per share were $0.86 in the third quarter of 2021. This shows an increase of 19% from $0.72 in the third quarter of 2020. Further, the earnings per share also beat the consensus estimate of $0.82 for the quarter.

  • 13 Trending Stocks in Health Information Services Industry

    13 Trending Stocks in Health Information Services Industry

    As investors weighed the stimulus vote of Monday against the emergence of a new ‎coronavirus strain ‎in the UK, US equities ended mixed on Tuesday.
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    The Senate approved the measure Monday night after months of negotiations over ‎additional fiscal ‎support. The bill funds the government through September 30 and includes ‎a new stimulus of $900 ‎billion. Also, the package includes $300 in additional federal ‎unemployment benefits and $600 in direct ‎payments. 
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    Some of the key players in the Health Information Services sector were:

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    NantHealth Inc. (NASDAQ:NH) shares were trading up 21.50% at $3.56 at the ‎time of writing on Tuesday.‎

    NantHealth Inc. (NASDAQ:NH) share price went from a low point around $0.92 ‎to briefly over $6.60 in past 52 weeks, though shares have since pulled back to $3.56. NH market cap ‎has remained high, hitting $427.88M at the time of writing, giving it price-to-sales ratio of more than ‎‎5.

    ‎If we look at the recent analyst rating NH, Canaccord Genuity reiterated ‎coverage on NH shares with a Buy rating and a $3.75 price target, which implies ‎room for 0.19% upside momentum this year.

    HMS Holdings Corp. (HMSY) last closed at $36.58, in a 52-week range of $18.19 ‎to $36.75. The company recently reported an agreement with Veritas Capital-backed Gainwell ‎Technologies, whereby Gainwell will acquire HMS. Analysts have a consensus price target of ‎‎$35.09.

    Teladoc Health Inc. (TDOC) stock soar by 3.15% to $206.04. The most recent ‎rating by Evercore ISI, on December 22, 2020, is at an In-line.

    American Well Corporation (NYSE:AMWL) Shares headed rising, higher as much ‎as 5.90%. The most recent rating by Stifel, on December 18, 2020, is at a Hold.

    Veeva Systems Inc. (NYSE:VEEV) rose 5.76% after gaining more than $15.61 on ‎Tuesday. Veeva reported on December 15, 2020, that Integra LifeSciences has selected Veeva Vault ‎CDMS for clinical data management. ‎

    Change Healthcare Inc. (CHNG) last closed at $18.83, in a 52-week range of ‎‎$6.18 to $18.70 following the announcement of successful introduction of its first cloud-based medical ‎tools for radiologists and other specialties along with its roadmap to help healthcare organizations ‎begin their migration of medical imaging to the cloud. Analysts have a consensus price target of ‎‎$20.39.

    GoodRx Holdings Inc. (GDRX) stock soar by 3.49% to $48.32 after announcing ‎recognition from workplace culture site Comparably for its company culture and leadership. The most ‎recent rating by RBC Capital Mkts, on November 19, 2020, is at an Outperform.

    Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) Shares headed rising, ‎higher as much as 2.15%. The company announced on December 17, 2020, that it is dedicating ‎extensive resources to ensure its clients are prepared to maximize functionality within its solutions to ‎respond to the COVID-19 pandemic. The most recent rating by Argus, on November 11, 2020, is at a ‎Buy.

    HealthEquity Inc. (NASDAQ:HQY) rose 2.27% after gaining more than $1.51 on ‎Tuesday. The company reported on December 8, 2020, that revenue for the third quarter ended ‎October 31, 2020 of $179.4 million grew 14% compared to $157.1 million for the third quarter ended ‎October 31, 2019.

    ‎Cerner Corporation (CERN) last closed at $77.38, in a 52-week range of $53.08 to ‎‎$80.90. The firm on December 16, 2020 revealed an agreement to acquire health division of Kantar. ‎Analysts have a consensus price target of $78.23.

    ‎1Life Healthcare Inc. (ONEM) stock soar by 3.97% to $43.26. The most recent ‎rating by Credit Suisse, on October 30, 2020, is at an Outperform.

    ‎So-Young International Inc. (NASDAQ:SY) Shares headed falling, lower as much ‎as -7.41%. The most recent rating by Deutsche Bank, on April 23, 2020, is at a Buy.

    ‎Schrodinger Inc. (NASDAQ:SDGR) rose 0.85% after gaining more than $0.7 on ‎Tuesday.