Cerner (NASDAQ:CERN), the medical software company, hasn’t had a great year, but CERN stock has been on the rise since March.
We owe that to the cloud industry. Cloud Tsars Microsoft (NASDAQ:MSFT) and alphabet (NASDAQ:Aco, NASDAQ:GoogL) as well as large application players oracle (NYSE:ORCL) and Foreclosure (NYSE:CRM) want to roll out the old enterprise software market by bringing existing industries, including healthcare, to the cloud.
Cerner is one of the bigger players in this area. Much of the software for the electronic health record (EHR) is already cloud-based. It also stumbles: the CEO is retiring and the shares are selling for only 4.4 times the sales. The last quarter showed less sales than a year ago.
Cerner is a wounded gazelle and the lions are hungry.
The most interesting thing about the rumors is the dog that doesn’t bark, Amazon (NASDAQ:AMZN).
Amazon’s AWS was Cerners …