On Tuesday, in the course of current trade, Shares of Cerner Corporation (NASDAQ:CERN), climbed 4.78%, and is now trading at $62.74.
Cerner Corporation declared that its board of directors approved a stock repurchase program on Sept. 4, 2015, at its regularly planned Board meeting, authorizing the repurchase of up to $245 million of its common stock. The company plans to repurchase shares from time to time in the open market, by block purchase, or possibly through other transactions managed by broker-dealers. No time limit was set for completion of the program.
Based on the Sept. 4, 2015 closing price, about 4.1 million shares, or 1.2 percent of the company’s outstanding shares, could be repurchased. The repurchase is intended to offset a portion of the dilution created by future equity grants and will be funded from working capital. The previous stock repurchase program approved by Cerner’s board of directors in December 2013, which was amended in May 2014, has been accomplished.
“At current prices, we believe the repurchase of our stock is a good use of funds,” said Neal Patterson, Cerner’s chairman, CEO, and co-founder. “This program reflects our commitment to enhancing long-term shareholder value and our confidence in Cerner’s prospects as a leader in the growing health care industry.”
Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers in the United States and internationally.
During an Afternoon trade, Shares of Stryker Corporation (NYSE:SYK), raised 2.91%, and is now trading at $98.09.
Stryker Corporation will take part in the 2015 Morgan Stanley Global Healthcare Conference on Thursday, September 17, 2015 at the Grand Hyatt New York. Kevin Lobo, Chairman and Chief Executive Officer, will represent the Company in a presentation planned for 9:10 a.m. Eastern Time.
Stryker Corporation, together with its auxiliaries, operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine.
Shares of Sigma-Aldrich Corporation (NASDAQ:SIAL), raised 0.12%, and is now trading at $139.63.
Sigma-Aldrich Corporation, declared a quarterly cash dividend of $0.23 per share. On August 24, 2015, the Company’s Board of Directors conditionally approved this dividend to shareholders of record on September 1, 2015. Payment of this dividend will be made on September 15, 2015, so long as the transaction by which Merck KGaA is to acquire all of the outstanding shares of the Company has not closed on that date or a date preceding thereto.
Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment products worldwide.
Finally, InterCloud Systems Inc (NASDAQ:ICLD), gained 2.98% Tuesday.
InterCloud Systems, declared that it has been selected by one of the world’s largest global systems integrators as a prime vendor to deliver outsourced managed services and support for one of the largest US government agency’s next generation voice and data network. The contract term is for five years and is projected to be worth at least $10 million during the base term. The contract award is effective right away and transition of services is presently underway.
Mark Munro, CEO of InterCloud Systems reported: “This is the second multi-year $10 million-plus services contract in less than 30 days. Our team has been focused on long-term engagements over the past year and these large-scale customer agreements add credibility to our unique approach to the market. Long-term recurring revenue accounts add to our value, stability, and long-term growth prospects. Our entire company remains focused on building long-term high value relationships with the world’s largest communications companies.
InterCloud Systems, Inc. provides end-to-end IT and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the United States and internationally. It operates through three segments: Applications and Infrastructure, Professional Services, and Cloud and Managed Services.
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