Cerner Corporation (CERN): Today's Featured Computer Software & Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cerner Corporation ( CERN) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Cerner Corporation fell $0.97 (-1.9%) to $48.66 on heavy volume. Throughout the day, 3,085,048 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1,487,500 shares. The stock ranged in price between $47.93-$49.74 after having opened the day at $49.00 as compared to the previous trading day's close of $49.63. Other companies within the Computer Software & Services industry that declined today were: SolarWinds ( SWI), down 22.2%, Zynga ( ZNGA), down 14.0%, China Mobile Games and Entertainment Group ( CMGE), down 10.9% and Sonic Foundry ( SOFO), down 7.8%.

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 $17.0 billion and is part of the technology sector. Shares are up 27.4% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Cerner Corporation a buy, 1 analyst rates it a sell, and 10 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 solid stock price performance, 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 positive front, Wave Systems Corporation ( WAVX), up 18.5%, SPS Commerce ( SPSC), up 16.0%, Brightcove ( BCOV), up 15.7% and Activision Blizzard ( ATVI), up 15.0% , were all gainers within the computer software & services industry with Electronic Arts ( EA) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry 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.

null

More from Markets

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

Amazon Profit Blast Puts Shares on Record Path, Challenging Apple as World's Bi

Amazon Profit Blast Puts Shares on Record Path, Challenging Apple as World's Bi

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI