Cerner Corporation (Nasdaq:CERN) hit a new 52-week high Wednesday as it changed hands at $101.99 compared with its previous 52-week high of $100.67. Cerner is currently trading at $101.35 with 27,849 shares changing hands as of 9:30 a.m..
NEW YORK ( TheStreet) -- Cerner Corporation (Nasdaq: CERN) hit a new 52-week high Wednesday as it traded at $101.99 compared with its previous 52-Week high of $100.67. Cerner is changing hands at $101.35 with 27,849 shares traded as of 9:30 a.m. ET. Average volume has been 494,400 shares over the past 30 days. Cerner has a market cap of $8.3 billion and is part of the technology sector and computer software & services industry. Shares are up 6.2% year to date as of the close of trading on Tuesday. 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 37.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Cerner as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cerner Ratings Report.