Shares of Cerner are up 20% this year but the medical records company can still rise much further as it is still cheap, activist investor Jeff Smith said Tuesday.
div > div.group > p:first-child"> Smith, the CEO of Starboard Value, told CNBC's David Faber the company can expand its operating margins by about 3.5% if it meets certain targets the activist investor helped Cerner implement.
Smith did not specify in the interview what those business targets were, but added that operating margins in the company could improve by as much as 9% over the next 18 months.
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