CIBER Director Purchases $369,000 in Stock (CBR)
CIBER (NYSE:CBR) Director Bobby G. Stevenson bought 100,000 shares of CIBER stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $3.69 per share, for a total transaction of $369,000.00. Following the purchase, the director now directly owns 5,900,309 shares in the company, valued at approximately $21,772,140. The transaction was disclosed in a filing with the SEC, 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.
CIBER (NYSE:CBR) opened at 3.84 on Wednesday. CIBER has a 52-week low of $3.08 and a 52-week high of $5.09. The stock’s 50-day moving average is $4.18 and its 200-day moving average is $4.41. The company’s market cap is $299.6 million.
CIBER (NYSE:CBR) last released its 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue 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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