Riverbed Q2 Stumbles On Slower-Than -Expected Sales

By | July 14, 2014

Scalper1 News

Riverbed Technology’s preannouncement of its second-quarter earnings on Monday included revenue that fell far short of analyst estimates and the company’s own projections from earlier this year, due to slower-than-expected spending. Analysts expect the poor showing could once again open the door to the company being acquired in a private equity deal. Riverbed Technology’s (RVBD) stock fell more than 5% in midday trading on the stock market today. Scalper1 News

Scalper1 News