Here's Why You Should Hold On To Cerner (CERN) Stock For Now
Zacks Investment Research | Apr 17, 2018 10:12PM ET
Cerner Corporation (NASDAQ:CERN) is a popular name in the HCIT (Healthcare Information Technology) space. The stock has returned 0.7%, compared with the industry ’s rally of 8.4% in a year’s time. Also, the current return is lower than the S&P 500’s 14.8%.
With a market capitalization of approximately $19.22 billion, the company has missed earnings estimates in the first, third and fourth quarters of fiscal 2017. The company’s earnings met with estimates in the second quarter of fiscal 2017. At present, Cerner is grappling with stiff competition in the niche space and regulatory headwinds. The mixed sentiments justify the stock’s Zacks Rank #3 (Hold).
Here we take a detailed look at the company’s performance and operations to analyze why investors should hold on to this stock.
Cerner Corporation Price and Consensus
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