NEW YORK, Sept. 22, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating CIBER, Inc. ("CIBER" or the "Company") (NYSE: CBR) to determine whether certain of its officers and directors have violated federal securities laws.
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On May 3, 2011, CIBER issued a press release predicting that earnings per share would exceed $0.30 for the year and that revenue growth would exceed four percent. On August 3, 2011, however, the Company issued its second quarter 2011 financial results illustrating that CIBER was performing well below predictions, with the Company reporting a net loss of $58.4 million and an operating loss of $26.5 million. CIBER also announced that it is withdrawing its financial guidance for fiscal year 2011. As a result of this news, CIBER stock lost 39% of its value between August 2, 2011 and August 9, 2011.
If you own shares of CIBER stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/ciber-cbr.html.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.