Cerner Corporation (Nasdaq:CERN) hit a new 52-week high Friday as it is currently trading at $88.38, above its previous 52-week high of $88.35 with 164,481 shares traded as of 9:51 a.m. ET. Average volume has been 839,000 shares over the past 30 days.
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 ( TheStreet) -- Cerner Corporation (Nasdaq: CERN) hit a new 52-week high Friday as it is currently trading at $88.38, above its previous 52-week high of $88.35 with 164,481 shares traded as of 9:51 a.m. ET. Average volume has been 839,000 shares over the past 30 days. Cerner has a market cap of $15.09 billion and is part of the technology sector and computer software & services industry. Shares are up 13% 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 38.8, 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. 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. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.