Cerner Corporation (CERN): Today's Featured Technology Winner

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

Cerner Corporation ( CERN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Cerner Corporation rose $1.70 (1.8%) to $97.15 on average volume. Throughout the day, 1,124,551 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 783,200 shares. The stock ranged in a price between $95.00-$97.76 after having opened the day at $95.38 as compared to the previous trading day's close of $95.45. Other companies within the Technology sector that increased today were: Renewable Energy Trade Board ( EBOD), up 80.0%, Revolution Lighting Technologies ( RVLT), up 16.5%, Perfect World ( PWRD), up 13.9% and TranSwitch Corporation ( TXCC), up 13.3%.
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Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers worldwide. Cerner Corporation has a market cap of $16.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 40.5, above the S&P 500 P/E ratio of 17.7. Shares are up 24.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Cerner Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cerner Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Alvarion ( ALVR), down 13.6%, Intelligent Systems ( INS), down 11.6%, Trina Solar ( TSL), down 11.1% and Oi ( OIBR), down 10.5% , were all laggards within the technology sector with Activision Blizzard ( ATVI) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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