Cerner Corporation (CERN): Today's Featured Technology Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Cerner Corporation rose $1.81 (2.5%) to $73.25 on average volume. Throughout the day, 1.8 million shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $71.06-$73.69 after having opened the day at $71.56 as compared to the previous trading day's close of $71.44. Other companies within the Technology sector that increased today were:
(
), up 31.4%,
(
), up 17%,
(
), up 15.2%, and
(
), up 14.8%.
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Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers worldwide. Cerner Corporation has a market cap of $12.15 billion and is part of the
industry. The company has a P/E ratio of 35, above the average computer software & services industry P/E ratio of 34.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Cerner Corporation a buy, one analyst rates it a sell, and six rate it a hold.
TheStreet Ratings rates Cerner Corporation as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Cerner Ratings Report.
On the negative front,
XRS
(
TheStreet Recommends
XRSC
), down 15.7%,
(
), down 12.6%,
(
), down 9%, and
(
), down 7.6%, were all laggards within the technology sector with
(
) being today's technology sector laggard.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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