NEW YORK (

TheStreet

) --

Cerner Corporation

(Nasdaq:

CERN

) hit a new 52-week high Thursday as it is currently trading at $125.14, above its previous 52-week high of $124.75 with 617,848 shares traded as of 2:46 p.m. ET. Average volume has been 621,100 shares over the past 30 days.

Cerner has a market cap of $9.9 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 29.7% year to date as of the close of trading on Wednesday.

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Cerner Corporation provides healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers in the Americas, Europe, the Middle East, and the Asia Pacific region. The company has a P/E ratio of 40.1, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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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, revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. 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

Cerner Ratings Report

.

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