Cerner Reaches New 52-Week High (CERN)

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.

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

If you liked this article you might like

Cognizant Technology, Advanced Micro Devices: 'Mad Money' Lightning Round

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)

These Stocks Are Ready to Reverse Course

Wall Street Weighs In on Athenahealth's Strategic Options

Trader's Daily Notebook: Staying on the Sidelines?