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

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 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 $3.88 (8.0%) to $52.61 on heavy volume. Throughout the day, 6,812,601 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1,392,300 shares. The stock ranged in a price between $48.50-$55.07 after having opened the day at $48.55 as compared to the previous trading day's close of $48.73. Other companies within the Technology sector that increased today were: Sungame ( SGMZ), up 29.4%, China Sunergy ( CSUN), up 29.1%, Monster Offers ( MONT), up 18.4% and Aehr Test Systems ( AEHR), up 18.3%.

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 $16.8 billion and is part of the computer software & services industry. Shares are up 26.2% year to date as of the close of trading on Thursday. 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 solid stock price performance, growth in earnings per share, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Friendfinder Networks ( FFN), down 93.3%, Net Element International ( NETE), down 15.7%, Interphase ( INPH), down 10.1% and FAB Universal ( FU), down 9.8% , were all laggards within the technology sector with Verizon Communications ( VZ) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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