Cerner Stock Hits New 52-Week High (CERN)

NEW YORK ( TheStreet) -- Cerner Corporation (Nasdaq: CERN) hit a new 52-week high Friday as it is currently trading at $50.12, above its previous 52-week high of $50.10 with 428,769 shares traded as of 9:46 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Cerner has a market cap of $17.07 billion and is part of the technology sector and computer software & services industry. Shares are up 28.1% 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, hardware, and content solutions for healthcare organizations and consumers worldwide.

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TheStreet Ratings rates Cerner 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. You can view the full Cerner Ratings Report.

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