Following almost a 30% fall from its heights late last year, Cerner’s stock seems to be on the move again. Its numbers had lower profits than the analysts guessed but higher revenue, and then they raised guidance for profits and revenue for Q3. After so many months of bad news the stock was up over 14% on Friday. It’s still 20% of its all time high, but the UK may start delivering (as in cash—as no one there’s got paid yet) and sales in the US still seem to be chunking away. Perhaps the people who piled in today know something?
Leave a Reply