CIBER, Inc. Under Investor Investigation Over Possible Securities Laws Violations

If you purchased shares of CIBER, Inc. (NYSE:CBR), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
CIBER
Affected Securities: 
NYSE: CBR

San Diego, Sept. 2, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of CIBER, Inc. (NYSE:CBR) over possible Violations of Securities Laws by CIBER and others was announced.

The investigation by a law firm focuses on possible NYSE:CBR shareholder claims based on potential violations of the federal securities laws. Specifically the investigation concerns whether CIBER, Inc. or others may have violated securities laws by issuing a series of statements regarding its business, its prospects and its operations that were materially false and misleading at the time they were made.

Even though CIBER’s annual Total Revenue rose from $1,037million in 2009 to $1,071million in 2010, its 12months Revenue previously fell from $1,191million in 2008, respectively $1,081million in 2007. Additionally, despite a slightly increase in its annual Revenue from 09 to 2010, CIBER’s Net Income fell from $23.95million in 07, respectively $26.88million for 2008, to $14.96million in 09 and a Net Loss of $77.16million in 2010.

Shares of CIBER, Inc. (Public, NYSE:CBR) rose from as low as $2.20 in March 09 to as high as $6.76per share in April 2011. NYSE CBR shares fell during April to $5.64 per share on April 28, 2011.

Then on May 3, 2011– CIBER, Inc. (NYSE: CBR), reported results for the first quarter of 2011. Among other things, CIBER, Inc, announced that it expects for 2011 that its Revenue will grow exceeding 4% and an earnings per share (“EPS”) of $0.30.
Shares of CIBER, Inc. (NYSE: CBR) rose during May to $6.37 per share and continued to trade above $5 per share most of June and July 2011.

Then on August 3, 2011, CIBER, Inc. (NYSE: CBR) reported results for the second quarter of 2011. Among other things, CIBER, Inc, announced that it is withdrawing its financial guidance for full-year 2011 and its second quarter 2011 revenue increased only by 1% with a second quarter 2011 Net loss of $58.4 million.
Ciber stock fell from over $5 on August 2 to $2.85 on August 3 and continued to trade around the $3 mark throughout the rest of August. On September 2, NYSE CBR stocks closed at $2.91 per share.