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How These Healthcare Information Services Stocks are Faring? -- Cerner, Rennova Health, Veeva Systems, and Inovalon

VEEV, RNVA

PR Newswire

NEW YORK, November 17, 2016 /PRNewswire/ --

Healthcare Information Services include software solutions, clinical content, hardware, and devices that provide health care providers secure access to clinical, administrative, and financial data. Today, Stock-Callers.com evaluates the following companies: Cerner Corp. (NASDAQ: CERN), Rennova Health Inc. (NASDAQ: RNVA), Veeva Systems Inc. (NYSE: VEEV), and Inovalon Holdings Inc. (NASDAQ: INOV). Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration

Cerner  

Missouri headquartered Cerner Corp.'s stock finished Wednesday's session 0.55% lower at $48.93 with a total volume of 4.12 million shares traded. Shares of the Company, which designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and consumers in the US and internationally, are trading at a PE ratio of 25.90. The Company's shares are trading below its 50-day and 200-day moving averages by 17.26% and 15.32%, respectively. Cerner's stock has a Relative Strength Index (RSI) of 19.80.

On November 7th, 2016, research firm Bank of America/Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.

On November 14th, 2016, Cerner announced a telehealth agreement with American Well, a leading national telehealth company. Together, the companies will deliver a virtual health care experience that will integrate the American Well platform with Cerner's electronic health record. The integration will enable providers to manage the health and care of patients beyond the walls of the health system. Access our complete research report on CERN for free at: http://stock-callers.com/registration/?symbol=CERN

Rennova Health  

Florida headquartered Rennova Health Inc.'s stock declined 14.30%, to close the day at $0.08. The stock recorded a trading volume of 1.17 million shares, which was above its three months average volume of 853,860 shares. Shares of the Company, which provides diagnostics and supportive software solutions to healthcare providers, are trading 53.97% and 83.42% below its 50-day and 200-day moving averages, respectively. Additionally, the stock is trading at a PE ratio of 0.16 and has an RSI of 24.47.

On November 14th, 2016, Rennova reported that net revenues for Q3 2016 were $0.3 million compared to $5.9 million for Q3 2015. The Company reported other income of $0.6 million for Q3 2016 compared to other expense of $0.4 million for Q3 2015. Net loss attributed to common stockholders for Q3 2016 was $12.0 million, or $0.29 per basic and diluted share, compared to a net loss attributable to common stockholders for Q3 2015 of $1.5 million, or $0.05 per basic and diluted share. The complimentary research report on RNVA can be downloaded at: http://stock-callers.com/registration/?symbol=RNVA

Veeva Systems  

On Wednesday, shares in California headquartered Veeva Systems Inc. ended the session 0.20% lower at $40.74 with a total volume of 703,182 shares traded. Veeva Systems' shares have advanced 5.96% in the last one month and 2.57% in the previous three months. Further, the stock has surged 48.36% in the past one year. Shares of the Company are trading at a PE ratio of 105.27. The stock is trading 2.86% above its 50-day moving average and 23.61% above its 200-day moving average. Moreover, shares of the Company have an RSI of 62.36.

On November 3rd, 2016, Veeva Systems announced that it will report financial results for its fiscal third quarter which ended October 31st, 2016, after market close on November 22nd, 2016. Veeva will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results. Register for free on Stock-Callers.com and get access to the latest PDF format report on VEEV at: http://stock-callers.com/registration/?symbol=VEEV

Inovalon  

On Wednesday, shares in Maryland headquartered Inovalon Holdings Inc. recorded a trading volume of 275,708 shares. The stock ended the day 0.32% lower at $15.55. Shares of the Company, which provides cloud-based data analytics and data-driven intervention platforms in the US, are trading at a PE ratio of 55.94. Inovalon Holdings' stock has gained 9.51% in the last one month and 3.94% in the previous three months. The Company is trading above its 50-day moving average by 4.78%. Furthermore, shares of Inovalon Holdings have an RSI of 62.54.

On October 25th, 2016, research firm First Analysis Sec initiated an 'Equal-Weight' rating on the Company's stock, issuing a target price of $14 per share.

On November 8th, 2016, Inovalon announced that clients utilizing Inovalon's integrated quality measurement and improvement platform, Quality Spectrum™, realized a material positive increase in their Centers for Medicare & Medicaid Services Five-Star Quality Ratings when compared to organizations not utilizing Inovalon technologies. In aggregate, Inovalon clients utilizing the Quality Spectrum™ platform saw an increase in their raw score of 0.16 over their 2016 Star Ratings, yielding an average increase of one half star in their overall 2017 Star Rating. Download your free research report on INOV at: http://stock-callers.com/registration/?symbol=INOV

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