Cerner Reaches New 52-Week High (CERN) - TheStreet

NEW YORK (

TheStreet

) --

Cerner Corporation

(Nasdaq:

CERN

) hit a new 52-week high Monday as it is currently trading at $78.34, above its previous 52-week high of $78.14 with 284,292 shares traded as of 10:15 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Cerner has a market cap of $10.23 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 25.1% year to date as of the close of trading on Friday.

Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers worldwide. The company has a P/E ratio of 43.5, above the average computer software & services industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Cerner as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null