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
NEW YORK (
) -- Shares of
) were gapping up Friday morning with an open price 14.1% higher than Thursday's closing price. The stock closed at $68.47 Thursday and opened today's trading at $78.15.
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The average volume for Cerner has been 1.3 million shares per day over the past 30 days. Cerner has a market cap of $11.71 billion and is part of the technology sector and computer software & services industry. Shares are up 11.7% year to date as of the close of trading on Thursday.
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 33.7, above the average computer software & services industry P/E ratio of 33.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cerner 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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