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 0.9%. By the end of trading, Cerner Corporation fell $0.97 (-1.6%) to $61.21 on average volume. Throughout the day, 2,009,473 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1,706,200 shares. The stock ranged in price between $61.03-$62.31 after having opened the day at $61.96 as compared to the previous trading day's close of $62.18. Other companies within the Computer Software & Services industry that declined today were: Catamaran ( CTRX), down 10.9%, China Information Technology ( CNIT), down 7.5%, Image Sensing Systems ( ISNS), down 5.5% and Smith Micro Software ( SMSI), down 4.3%.

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 $21.4 billion and is part of the technology sector. Shares are up 11.6% year to date as of the close of trading on Wednesday. Currently there are 10 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Workday ( WDAY), up 15.1%, MedAssets ( MDAS), up 13.6%, Realpage ( RP), up 8.8% and Simulations Plus ( SLP), up 7.9% , were all gainers within the computer software & services industry with Microsoft Corporation ( MSFT) 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.

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