5 Stocks Pulling The Technology Sector Downward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include CGI Group ( GIB), down 5.5%, Applied Materials ( AMAT), down 2.5%, Kyocera Corporation ( KYO), down 2.2%, Turkcell Iletisim Hizmetleri AS ( TKC), down 2.2% and Mobile Telesystems OJSC ( MBT), down 2.1%. Top gainers within the sector include Western Digital Corporation ( WDC), up 3.6%, VMware ( VMW), up 2.9%, Citrix Systems ( CTXS), up 2.8%, Microsoft Corporation ( MSFT), up 1.1% and Infosys ( INFY), up 1.3%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Cerner Corporation ( CERN) is one of the companies pushing the Technology sector lower today. As of noon trading, Cerner Corporation is down $0.74 (-1.3%) to $56.72 on light volume. Thus far, 408,014 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $56.65-$57.43 after having opened the day at $57.05 as compared to the previous trading day's close of $57.45.

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 $19.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 45.1, above the S&P 500 P/E ratio of 17.7. Shares are up 48.8% year to date as of the close of trading on Tuesday. Currently there are 9 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cerner Corporation Ratings Report now.

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