Riverbed Technology Earnings, Sales Estimates Raised

By | January 21, 2014

Scalper1 News

The outlook for Riverbed Technology (RVBD), subject to a recent unsolicited buyout offer from a hedge fund, continues to brighten. On Tuesday, Sterne, Agee & Leach analyst Alex Kurtz raised his 2013 and 2014 financial estimates for the company, after the company preannounced stronger than expected fourth-quarter earnings and revenue on Jan. 15. It’s slated to release its final results on Jan. 30. Riverbed stock was up 1.8%, near 21, in afternoon Scalper1 News

Scalper1 News