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Cerner (CERN, $89.77) shares climb, on reports of possible $30 bn. takeover by Oracle
Cerner Corp. shares surged Friday , following a Wall Street Journal report that suggested that that Oracle is planning to acquire the electronic medical records company in a $30 billion deal.
If the deal goes through, it would be one of the biggest M&A deals of the year. It would also mark the largest acquisition for Oracle – the deal size is reportedly more than 3 times the size of its $10 billion purchase of PeopleSoft in 2005.
According to SVB Leerrink, Cerner has a 25% share of the medical records market.
CERN's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for CERN turned positive on May 25, 2022. Looking at past instances where CERN's MACD turned positive, the stock continued to rise in 28 of 48 cases over the following month. The odds of a continued upward trend are 58%.
Current price $94.55 crossed the resistance line at $93.37 and is trading between $95.79 support and $93.37 resistance lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +1% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +0.67% Uptrend growth.
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on CERN as a result. In 48 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 52%.
Following a +0.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where CERN advanced for three days, in 185 of 326 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
The Aroon Indicator entered an Uptrend today. In 142 of 253 cases where CERN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.
The 10-day RSI Indicator for CERN moved out of overbought territory on May 05, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In 18 of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at 43%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CERN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%.
CERN broke above its upper Bollinger Band on May 24, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1.
The Tickeron PE Growth Rating for this company is 8 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 28 (best 1 - 100 worst), indicating outstanding price growth. CERN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 76 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 82 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.112) is normal, around the industry mean (15.782). P/E Ratio (47.847) is within average values for comparable stocks, (151.538). Projected Growth (PEG Ratio) (5.697) is also within normal values, averaging (4.540). Dividend Yield (0.010) settles around the average of (0.027) among similar stocks. P/S Ratio (4.857) is also within normal values, averaging (101.100).
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.84%. For the same Industry, the average monthly price growth was -12.47%, and the average quarterly price growth was -21.21%. GTSWF experienced the highest price growth at 400%, while BLVDF experienced the biggest fall at -80.08%.
The average weekly volume growth across all stocks in the Packaged Software Industry was -1.46%. For the same stocks of the Industry, the average monthly volume growth was 18.47% and the average quarterly volume growth was 88.06%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the BollingerBands Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.
3 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 80%.
The average market capitalization across the group is 4.6B. The market cap for tickers in the group ranges from 27M to 15.9B. AKAM holds the highest valuation in this group at 15.9B. The lowest valued company is BSQR at 27M.
The average weekly price growth across all stocks in the group was 0.06%. For the same group, the average monthly price growth was -6.78%, and the average quarterly price growth was -32.03%. AVID experienced the highest price growth at 8.68%, while ALLT experienced the biggest fall at -9.91%.
- 5/18/22 5:18 AM: Stem (STEM, $7.84) was a top weekly gainer, with a +12.97% jump
- 5/14/22 4:23 AM: Immersion (IMMR, $5.31) was a top weekly gainer, with a +16.96% jump
- 5/7/22 5:28 AM: Stem (STEM, $8.79) was a top weekly gainer, with a +22.59% jump
The average weekly volume growth across all stocks in the group was 79.09%. For the same stocks of the group, the average monthly volume growth was -2.26% and the average quarterly volume growth was 36.86%
- 4/15/22 4:33 AM: The volume for Allot stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Allot stock increased for one day, resulting in a record-breaking daily growth of 609% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), NetEase (NASDAQ:NTES), Activision Blizzard (NASDAQ:ATVI), VMware (NYSE:VMW), Palo Alto Networks (NYSE:PANW).
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.68%. For the same Industry, the average monthly price growth was -9.89%, and the average quarterly price growth was -20.63%. GTSWF experienced the highest price growth at 400%, while WDRGF experienced the biggest fall at -84.3%.
- 5/18/22 5:18 AM: Stem (STEM, $7.84) was a top weekly gainer, with a +12.97% jump
- 5/14/22 4:23 AM: Immersion (IMMR, $5.31) was a top weekly gainer, with a +16.96% jump
- 5/7/22 5:28 AM: Stem (STEM, $8.79) was a top weekly gainer, with a +22.59% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 14.62%. For the same stocks of the Industry, the average monthly volume growth was 10.79% and the average quarterly volume growth was 109.87%
- 4/15/22 4:33 AM: The volume for Allot stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Allot stock increased for one day, resulting in a record-breaking daily growth of 609% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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