Advertisement: CJBS mid banner
Advertisement: Kao Data Centre mid banner
Advertisement: Simpsons Creative
Advertisement: Excalibur Healthcare mid banner
Advertisement: Mogrify mid banner
Advertisement: RSM mid banner
Advertisement: HCR Hewitsons mid banner
Advertisement: partnersand mid banner
Mid banner advertisement: BDO
Advertisement: EBCam mid banner
Advertisement: TTP
ARM Innovation Hub
Barr Ellison Solicitors – commercial property
Advertisement: Cambridge Network mid banner
Advertisement: Wild Knight Vodka
Advertisement: S-Tech mid banner 3
19 December, 2006 - 12:17 By Staff Reporter

nCipher suffers 10.35 per cent share price fall

Internet security specialist, nCipher, suffered a 10.35 per cent drop in its share price after a board review of its part-owned US business, Abridean, revealed that its slow development would lower nCipher’s anticipated revenues for 2006.A statement issued by the Cambridge-based business said that as the pattern was likely to continue in 2007 and that breakeven by Abridean – in which nCipher holds a 61 per cent stake – would take significantly longer than previously expected.

nCipher’s board maintained it was still confident that the firm would continue to grow in 2007 and beyond. The share price dropped 29.5p to 255.5p.

Add new comment

Newsletter Subscription

Stay informed of the latest news and features