CIBER Shares Up 3.2% on Insider Buying Activity (CBR)
CIBER (NYSE:CBR) shares shot up 3.2% on Tuesday following insider buying activity, American Banking News.com reports. The company traded as high as $3.87 and last traded at $3.85, with a volume of 115,886 shares traded. The stock had previously closed at $3.73.
Specifically, Director Bobby G. Stevenson acquired 100,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $3.69 per share, for a total transaction of $369,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of CIBER from a “neutral” rating to an “underperform” rating in a research note on Friday, August 1st. They now have a $3.30 price target on the stock.
The stock’s 50-day moving average is $4.1 and its 200-day moving average is $4.41. The company’s market cap is $300.4 million.
CIBER (NYSE:CBR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters 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 in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that CIBER will post $0.10 EPS for the current fiscal year.
CIBER, Inc (NYSE:CBR) is a provider of information technology (IT), business consulting and outsourcing services.
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