Despite the highly-scrutinized problems of Cambridge Technology Partners Inc (see related story) fellow services provider Ciber Inc insists that its quarter is on track. The Englewood, Colorado-based company issued a statement Friday seeking to disassociate itself from the recent declines in services companies’ shares – Cambridge is considered a bellwether in the sector. Cambridge itself has admitted its problems were specific and not related to any wider industry issues.
Ciber said, We are told that pressures on our stock price are related to difficulties several other companies are experiencing. We remain confident that analyst estimates are in line with our internal expectations. Analysts surveyed by First Call are expecting $0.27 per share for the company’s current third quarter. The announcement wasn’t enough to keep Ciber shares from shedding $1.875 to close at $21.25.
