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

Cerner Corporation ( CERN) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Cerner Corporation fell $1.40 (-2.9%) to $47.53 on heavy volume. Throughout the day, 2,387,334 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1,538,600 shares. The stock ranged in price between $47.35-$49.09 after having opened the day at $49.02 as compared to the previous trading day's close of $48.93. Other companies within the Technology sector that declined today were: Ixia ( XXIA), down 19.4%, Canadian Solar ( CSIQ), down 12.7%, Synchronoss Technologies ( SNCR), down 11.6% and Luna Innovations ( LUNA), down 9.3%.

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 $17.1 billion and is part of the computer software & services industry. Shares are up 28.6% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Cerner Corporation a buy, 1 analyst rates it a sell, and 9 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Wave Systems Corporation ( WAVX), up 23.1%, Net Element International ( NETE), up 22.2%, BTU International ( BTUI), up 16.1% and Zoom Technologies ( ZOOM), up 14.0% , were all gainers within the technology sector with EMC Corporation ( EMC) being today's featured technology sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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