Tag Archives: rvbd

Riverbed Technology Earnings, Sales Estimates Raised

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

Riverbed Rejects Buyout, Says Q4 Earnings Beat

Riverbed Technology (RVBD) stock rose in the stock market today after the networking company preannounced stronger-than-expected Q4 results and rejected an unsolicited buyout offer by hedge fund Elliot Management. Riverbed said it expected to report non-GAAP Q4 revenue of $284 million to $285 million, vs. its previous guidance of $270 million to $276 million. It expects earnings per share minus items of 30 or 31 cents, compared with prior

Riverbed Technology Gets Buyout Offer From Hedge Fund

Network gear maker Riverbed Technology (RVBD) is in play, after hedge fund Elliott Management early Wednesday made public its unsolicited offer to buy the company, where earnings have fallen the past two quarters, for $19 a share, or more than $3 billion. That’s only a 6.4% premium to Riverbed’s Tuesday closing price. And, in fact, Riverbed stock was trading above that offer in the stock market today. Riverbed stock was up 12%, near 20, in midday