Cerner Corporation (CERN): Today's Featured Computer Software & Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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 0.5%. By the end of trading, Cerner Corporation fell $1.19 (-1.6%) to $72.56 on average volume. Throughout the day, two million shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $72.17-$73.49 after having opened the day at $73.49 as compared to the previous trading day's close of $73.75. Other companies within the Computer Software & Services industry that declined today were: Helios & Matheson Information Technology In (HMNY), down 12.6%, 21Vianet Group (VNET), down 10.6%, iSoftStone Holdings (ISS), down 9.9%, and Mattersight (MATR), down 9.3%.
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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 $12.38 billion and is part of the technology sector. The company has a P/E ratio of 36.2, above the average computer software & services industry P/E ratio of 35.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 20% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Cerner Corporation a buy, one analyst rates it a sell, and six 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Cerner Ratings Report.
On the positive front, Wave Systems Corporation (WAVX), up 20.1%, Streamline Health Solutions (STRM), up 13.1%, icad (ICAD), up 12%, and Camelot Information Systems (CIS), up 9.4%, were all gainers within the computer software & services industry with Citrix Systems (CTXS) 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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