Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

RW Baird Cuts Sapient Rating

Sapient (SAPE)posted a first quarter net loss of $0.16 per share. RW Baird cut its rating on the stock to market underperform from market perform.

Analyst Gary Dean tells Standard & Poor's MarketScope that Sapient is competing in the most challenged portion of the information technology (IT) services market: application development. He notes that demand is soft after over-investment in 1998-2000 and IT budget cutbacks due to the 2001 recession. He expects large cash declines over the next two quarters. The analyst widened his $0.35 2002 loss estimate to a $0.57 loss, and cut his $212 million revenue forecast to $171 million. Although Dean would revisit his estimates once revenues stabilize or reaccelerate, at their current level, he thinks there is still some downside risk to the stock price.

blog comments powered by Disqus