Robbins Umeda LLP Announces an Investigation of CIBER, Inc.

SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at CIBER, Inc. (NYSE: CBR).

Robbins Umeda LLP's investigation focuses on whether the directors and officers of CIBER harmed the company and investors by issuing improper statements that have damaged the company's value and reputation. On August 3, 2011, CIBER issued its second quarter 2011 financial results showing that CIBER was performing well below expectations. The company reported an EPS loss of $0.81 on revenue of $267.8 million, compared to analyst expectations of an EPS profit of $0.07 on $282.5 million. Additionally, CIBER was forced to pay over $58.1 million in unexpected charges stemming in part from the loss of profitability of five North American contracts.

These poor second quarter results are in stark contrast to optimistic forecasts made by CIBER officials on May 3, 2011, predicting that earnings per share would exceed $0.30 for the year and that revenue growth would exceed 4%, or $1.144 billion. As a result, CIBER officials were forced to suspend CIBER's 2011 financial guidance. This resulted in a 39% loss of value in CIBER stock between August 2, 2011 and August 9, 2011.

Interested shareholders and purchasers of CIBER stock have several potential options available to them. If you invested in CIBER and would like more information about your rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/CIBER-inc/

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