Full Answer
Is Cerner stock a good investment?
Cerner has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.
Should I sell my Cerner stock now?
Cerner is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $119.11, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
Will Cerner stock price increase?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Cerner Corp have a median target of 95.00, with a high estimate of 95.00 and a low estimate of 95.00. The median estimate represents a +0.05% increase from the last price of 94.95.
Is Cerner stock going to split?
on Tuesday announced a 2-for-1 stock split. Each shareholder of record as of June 17 will get one additional share of common stock for each share held at that date. The stock split will increase the common shares outstanding to about 344.6 million.
Who is buying Cerner?
giant OracleSoftware giant Oracle inked its biggest deal ever in December — an agreement to acquire Cerner for $28.3 billion.
What happens if I don't tender my Cerner shares?
What happens to my vested options if I don't exercise and tender them? They get cashed out and cancelled in the merger. You would receive an amount equal to the excess, if any, of $38 over the exercise price, and this amount is subject to tax withholding.
Will Cerner be acquired?
Austin, Texas—June 1, 2022 Today, Oracle Corporation (NYSE: ORCL) announced that all required antitrust approvals have been obtained for its proposed acquisition of Cerner, including European Commission clearance.
How many shares of Cerner stock are there?
Share StatisticsAvg Vol (3 month) 33.41MShares Outstanding 5292.21MImplied Shares Outstanding 6N/AFloat 8292.75M% Held by Insiders 10.13%7 more rows
When did Cerner go public?
Cerner Corporation's initial public offering was Dec. 5, 1986Date of SplitTypeFirstMay 12, 19922 for 1SecondMarch 1, 19932 for 1ThirdAugust 7, 19952 for 1FourthJanuary 10, 20062 for 12 more rows
What happens if I own Cerner stock?
What will happen to Cerner shares I own in my 401(k) or through the Associate Stock Purchase Plan (ASPP)? Can I reallocate the investments in my 401(k) prior to close? If you own Cerner stock purchased under the ASPP on the date of the closing, those shares will be converted into the right to receive $95 per share.
How many times has Cerner stock split?
Cerner (CERN) has 6 splits in our Cerner stock split history database.
What happens if I don't accept a tender offer?
Rejecting a Tender Offer If you reject the tender offer or miss the deadline, you get nothing. You still have your 1,000 shares of Company ABC and can sell them to other investors in the broader stock market at whatever price happens to be available.
What happened
Shares of Cerner Corporation (NASDAQ: CERN) sank 12.4% as of 11:32 a.m. EDT on Friday due to a double whammy. Cerner reported ho-hum third-quarter results after the market closed on Thursday with only 3.3% year-over-year adjusted earnings per share (EPS) growth.
So what
Were Cerner's Q3 numbers bad enough to warrant such a big drop for the stock? Not really.
Now what
Nothing about the latest decline affects Cerner's business prospects. The company expects relatively solid fourth-quarter revenue that should enable it to beat the midpoint of its full-year 2018 guidance.
A tech titan might be interested in acquiring the medical records company
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Cerner ( NASDAQ:CERN) surged 13% on Friday, as rumors of a potential merger with Oracle ( NYSE:ORCL) swirled.
So what
Oracle could soon move to acquire Cerner for as much as $30 billion, according to The Wall Street Journal. The deal would allow Oracle to make an aggressive move into the $4 trillion healthcare industry.
Now what
Buying Cerner would be a bold move for Oracle. If a merger were to be consummated, it would likely be the largest, by far, in its history. Oracle's largest acquisition to date was its $8.7 billion purchase of NetSuite in 2016.
