Cerner Corporation (CERN): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Cerner Corporation fell $0.94 (-1.7%) to $54.32 on average volume. Throughout the day, 1,495,320 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1,292,900 shares. The stock ranged in price between $54.21-$55.19 after having opened the day at $55.07 as compared to the previous trading day's close of $55.26. Other companies within the Technology sector that declined today were: support.com ( SPRT), down 17.0%, Avid Technology ( AVID), down 11.7%, Textura ( TXTR), down 10.0% and LiveDeal ( LIVE), down 9.8%.

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 $18.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 42.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Dataram Corporation ( DRAM), up 25.3%, Sevcon ( SEV), up 20.0%, ChinaCache International Holdings ( CCIH), up 19.4% and Plug Power ( PLUG), up 18.2% , were all gainers within the technology sector with Qihoo 360 Technology ( QIHU) 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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