Last $58.52 USD
Change Today -0.40 / -0.68%
Volume 2.5M
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As of 4:00 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

cerner corp (CERN) Snapshot

Open
$59.19
Previous Close
$58.92
Day High
$59.48
Day Low
$58.44
52 Week High
02/24/14 - $63.07
52 Week Low
04/28/14 - $48.39
Market Cap
20.0B
Average Volume 10 Days
1.5M
EPS TTM
$1.40
Shares Outstanding
341.1M
EX-Date
--
P/E TM
41.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CERNER CORP (CERN)

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cerner corp (CERN) Details

Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers worldwide. It offers the Cerner Millennium architecture, which combines clinical, financial, and management information systems that allows providers to access an individual’s electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front and back-office professionals, and consumers. The company also provides the Healthe Intent platform, a cloud-based architectural platform for population health that is agnostic to the source EHR and captures research, evidence, and financial and operational data, as well as provides the ability to apply statistical algorithms against contextual clinical activity to recommend clinical action. In addition, it offers a range of services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, healthcare data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs, and third party administrator services for employer-based health plans. The company serves integrated delivery networks, physician groups and networks, managed care organizations, hospitals, medical centers, reference laboratories, home health agencies, blood banks, imaging centers, pharmacies, pharmaceutical manufacturers, employers, governments, and public health organizations. Cerner Corporation was founded in 1979 and is headquartered in North Kansas City, Missouri.

14,200 Employees
Last Reported Date: 02/5/14
Founded in 1979

cerner corp (CERN) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $510.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $471.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $565.4K
Chief of Staff and Executive Vice President
Total Annual Compensation: $565.4K
Compensation as of Fiscal Year 2013.

cerner corp (CERN) Key Developments

Cerner Corporation, Siemens Aktiengesellschaft - M&A Call

To discuss the acquisition of the assets of Siemens' health information technology business unit, Siemens Health Services, for $1.3 billion in cash

Dynamic Health Strategies and Cerner Sign Product Development and Marketing Agreement

Dynamic Health Strategies (DHS) announced that the company has entered into a product development and marketing agreement for a Return on Investment (ROI) module for the Cerner Wellness platform. The DHS system will be a cloud-based system that tracks the ROI of the Cerner Wellness solution. The system will be an optional module to the Cerner Wellness platform and upgradeable to the full DHS HealthSpective system. Wellness programs are being widely utilized to address rising healthcare costs and to assist employees with taking charge of their health. Wellness systems have a lot of promise to reduce healthcare benefit costs but need to be monitored for their ROI. The DHS system will help clients monitor and tweak their wellness initiatives to maximize their effectiveness. The goal of this agreement is to bring transparency of wellness programs to the forefront. The DHS system will identify early opportunities for wellness intervention, and Cerner will provide feedback on program results to measure effectiveness and ROI.

Cerner Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revised Earnings Guidance for the Full Year of 2014; Provides Tax Rate Guidance for the Second Half of 2014

Cerner Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported revenue of $851.8 million, an increase of 20% compared to $707.6 million in the year-ago period. On a U.S. Generally Accepted Accounting Principles (GAAP) basis, net earnings were $129.0 million and diluted earnings per share were $0.37. Second quarter 2013 GAAP net earnings were $112.9 million and diluted earnings per share were $0.32. Adjusted net earnings were $138.9 million compared to $119.6 million of adjusted net earnings in the second quarter of 2013. Adjusted diluted earnings per share were $0.40, an increase of 18% compared to $0.34 of adjusted diluted earnings per share in the year-ago quarter. Free cash flow was $143.8 million compared to $47.4 million reported a year ago. The company reported operating earnings of $191.63 million and earnings before income taxes of $194.37 million compared to operating earnings of $166.46 million and earnings before income taxes of $169.2 million reported a year ago. Cash flows from operating activities were $248.27 million compared to $176.51 million reported a year ago. Capital purchases were $62.34 million compared to $85.54 million reported a year ago. Capitalized software development costs were $42.12 million compared to $43.57 million reported a year ago. For the six months, the company reported operating earnings of $369.64 million, earnings before income taxes of $375.36 million and net earnings of $248.56 million or $0.71 per diluted share on total revenues of $1,636.52 million compared to operating earnings of $323.02 million, earnings before income taxes of $328.80 million and net earnings of $222.95 million or $0.63 per diluted share on total revenues of $1,387.59 million for the same period a year ago. Adjusted net earnings were $268.01 million or $0.76 per diluted share compared to $236.51 million or $0.67 per diluted share reported a year ago. Cash flows from operating activities were $404.06 million compared to $390.15 million reported a year ago. Capital purchases were $131.99 million compared to $134.99 million reported a year ago. Capitalized software development costs were $86.67 million compared to $77.91 million reported a year ago. Free cash flow was $185.4 million compared to $177.26 million reported a year ago. For the third quarter 2014, the company expects revenue between $840 million and $870 million, with the midpoint reflecting growth of 17% over the third quarter of 2013. Adjusted diluted earnings per share before share based compensation expense expects between $0.41 and $0.42, with the midpoint reflecting growth of 19% over the third quarter of 2013. Share based compensation expense to reduce diluted earnings per share by approximately $0.03 in the third quarter of 2014. The company expects bookings revenue of $1 billion to $1.1 billion, with the midpoint reflecting 13% growth over the third quarter of 2013. For the full year 2014, the company expects revenue between $3.3 billion and $3.4 billion, reflecting 15% growth at the midpoint, and up from a prior range of $3.25 billion to $3.4 billion. Adjusted diluted earnings per share before share based compensation expense expects between $1.64 and $1.67, with the midpoint reflecting 17% growth, and up from a prior range of $1.63 to $1.67. Share based compensation expense to reduce diluted earnings per share by between $0.11 and $0.12 for the year. The outlook for capital expenditures and capitalized software remains the same as what it provided last quarter. The company expects capital expenditures to be $260 million to $280 million for the year, which is down from $353 million in 2013. The company expects capitalized software to remain in the mid-$40 million range per quarter throughout the year, which will lead to it being flat or slightly higher than the $175 million capitalized in 2013. For the second half of 2014, the company expects its effective tax rate to remain within 50 to 100 basis points of 34%.

 

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Industry Analysis

CERN

Industry Average

Valuation CERN Industry Range
Price/Earnings 48.8x
Price/Sales 6.5x
Price/Book 6.2x
Price/Cash Flow 47.4x
TEV/Sales 6.2x
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