Cerner Corporation (CERN): Today's Featured Computer Software & Services Laggard
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 2.3%. By the end of trading, Cerner Corporation fell $4.33 (-5.5%) to $73.71 on heavy volume. Throughout the day, 5.1 million shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $72.50-$75.21 after having opened the day at $73.95 as compared to the previous trading day's close of $78.04. Other company's within the Computer Software & Services industry that declined today were: Helios & Matheson Information Technology In (HMNY), down 9.4%, Datalink Corporation (DTLK), down 9.4%, CA (CA), down 7.1%, and Greenway Medical Technologies (GWAY), down 6.9%.
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Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers worldwide. Cerner Corporation has a market cap of $12.89 billion and is part of the technology sector. The company has a P/E ratio of 39.8, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 27.4% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Cerner Corporation a buy, one analyst rates it a sell, and five 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Cerner Ratings Report.
On the positive front, Datawatch Corporation (DWCH), up 27.7%, Cover-All Technologies (COVR), up 19.5%, Qlik Technologies (QLIK), up 17.7%, and NetSuite (N), up 15.2%, were all gainers within the computer software & services industry with Microsoft Corporation (MSFT) being today's featured computer software & services industry leader.
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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).
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