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Tech Stocks Buzzer! Cerner Corporation (CERN), Yelp Inc (YELP)

Shares of Cerner Corporation (NASDAQ:CERN) ended Wednesday session in green amid volatile trading. The shares closed up +0.29 points or 0.48% at $61.02 with 1.50 million shares getting traded. Post opening the session at $60.87, the shares hit an intraday low of $60.75 and an intraday high of $61.46 and the price vacillated in this range throughout the day. The company has a market cap of $20.25 billion and the numbers of outstanding shares have been calculated to be 1.82 million shares.

Cerner Corporation (CERN) announced it will release its third quarter 2016 earnings results after the market closes on November 1. Following the release, the Company will hold a conference call at 3:30 p.m. CT that can be accessed via dial-in or webcast.  On the call, Cerner will discuss its results and outlook and answer questions from the investment community. The call may also include discussion of Cerner developments and other material and forward-looking information about business and financial matters.

The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner. The company recommends joining the call 15 minutes early for registration. The re-broadcast of the call will be available from 6:30 p.m. CT, November 1 through 11:59 p.m. CT, November 4. The dial-in number for the re-broadcast is (855) 859-2056; the passcode is 96801101.

An audio webcast will be available live and archived on Cerner’s Web site at www.cerner.com under the About Cerner section (click Investor Relations, then Presentations and Webcasts).

Shares of Yelp Inc (NYSE:YELP) ended Wednesday session in red amid volatile trading. The shares closed down -0.65 points or -1.65% at $38.82 with 1.49 million shares getting traded. Post opening the session at $39.56, the shares hit an intraday low of $38.77 and an intraday high of $39.75 and the price vacillated in this range throughout the day. The company has a market cap of $2.88 billion and the numbers of outstanding shares have been calculated to be 68.80 million shares.

Yelp Inc (YELP) announced financial results for the second quarter ended June 30, 2016.

  • Net revenue was $173.4 million in the second quarter of 2016, reflecting 30% growth over the second quarter of 2015.
  • Cumulative reviews grew 30% year over year to approximately 108 million.
  • App Unique Devices grew 27% year over year to approximately 23 million on a monthly average basis.
  • Local advertising accounts grew 32% year over year to approximately 128,000.

GAAP net income in the second quarter of 2016 was $0.4 million, or $0.01 per share, compared to a GAAP net loss of ($1.3) million, or ($0.02) per share, in the second quarter of 2015. Adjusted EBITDA for the second quarter of 2016 was $28.1 million compared to $22.7 million in the second quarter of 2015. Non-GAAP net income, which consists of net income excluding stock-based compensation and amortization, was $12.5 million for the second quarter, or $0.16 per share, compared to $9.4 million, or $0.12 per share, in the second quarter of 2015.

“We had a great second quarter with local revenue growth accelerating to 41% year over year,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “Our mission is to connect people with great local businesses and we did that through more than 300 million connections in the second quarter – which include mobile calls, clicks for map views and directions, food orders, restaurant reservations, and new reviews, among other actions. In the second half of the year, we look to execute against our three strategic priorities of growing the core local advertising business, boosting awareness of Yelp and driving transactions.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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