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CERN - With Recent Developments Cerner Looks Even More Attractive
Cerner Corporation
I initiated coverage on Cerner Corporation (CERN) with a buy rating last November, and since then, CERN has gained 12%. A number of reasons supported this price appreciation over the last couple of months. On the 9th of April its share price climbed 10% higher as news emerged that the company management had reached an agreement with the activist investor Starboard Value. In addition, Cerner Corporation boosted its share repurchase program as well.
What is Starboard Value and why does it matter?
Starboard Value is a New York based investment advisor that