Company Update: Cerner Corporation (NASDAQ:CERN) – Cerner Launches Developer Experience for SMART on FHIR Applications

[GlobeNewswire] – KANSAS CITY, Mo., Feb. 09, 2016– Cerner, a global leader in health care technology, has launched the Cerner Open Developer Experience to enhance collaboration with third-party and client developers on … Read more on this. Cerner Corporation (CERN) , valued at $18.37B, began trading this morning at $53.64. Looking at the equity, the company’s one day range is $53.39 to $54.67 with a trailing 52-week range being $52.91 to $75.72. CERN shares are currently priced at 26.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 4.33x forward p/e ratio. According to a consensus of 26 analysts, the earnings estimate of $0.57 per share would be $0.10 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.07 is a $0.42 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.17 Billion. If reported, that would be a 26.35% increase over the year-ago quarter. More recently, RBC Capital Mkts upgraded CERN from Outperform to Top Pick (Jan 7, 2016). Previously, Topeka Capital Markets upgraded CERN from Hold to Buy. With the above information in mind, readers should note that the average price target is $71.19, which is 32.72% above where the stock opened this morning. See more in (NASDAQ:CERN) Similar Articles: Market Update: Cerner Corporation (NASDAQ:CERN) – Cerner (CERN) Stock Falls on Weak Guidance Stock Update: Cerner Corporation (NASDAQ:CERN) – Cerner (CERN) Stock Down in After-Hours Trading on Earnings Results Company Update: Cerner Corporation (NASDAQ:CERN) – Nearly 14,000 to Attend Annual Cerner Health Conference, Oct. 11-14