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CIBER (NYSE:CBR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Friday. They currently have a $3.30 price objective on the stock. Zacks‘s price target would indicate a potential downside of 5.44% from the stock’s previous close.

Shares of CIBER (NYSE:CBR) opened at 3.60 on Friday. CIBER has a 1-year low of $3.08 and a 1-year high of $5.09. The stock has a 50-day moving average of $4.56 and a 200-day moving average of $4.44. The company’s market cap is $280.9 million.

CIBER (NYSE:CBR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.08. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $223.10 million. During the same quarter last year, the company posted $0.04 earnings per share. CIBER’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that CIBER will post $0.10 earnings per share for the current fiscal year.

CIBER, Inc (NYSE:CBR) is a provider of information technology (IT), business consulting and outsourcing services.

To view Zacks’ full report, visit Zacks’ official website.

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