Key Developments: Riverbed Technology Inc (RVBD.O)
15.49USD
22 May 2013
$-0.46 (-2.89%)
$15.95
$16.04
$16.20
$15.42
3,980,741
3,497,416
$24.23
$13.30
Latest Key Developments (Source: Significant Developments)
Riverbed Technology Inc Issues Q2 2013 Guidance Below Analysts' Estimates-Conference Call
Riverbed Technology Inc announced that for second quarter of 2013, it expects non-GAAP revenues to be in the range of $255-$260 million and non-GAAP earnings per share (EPS) to be in the range of $0.21-$0.22. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $270 million and EPS of $0.24 for fiscal 2013. Full Article
Riverbed Technology Inc Appoints Ernie Maddock as Chief Financial Officer
Riverbed Technology Inc announced the appointment of Ernie Maddock, to the position of Chief Financial Officer(CFO), effective April 29, 2013. He replaces chief operating officer and CFO Randy Gottfried, who will be retiring from Riverbed effective May 3, 2013. Full Article
Riverbed Technology Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates-Conference Call
Riverbed Technology Inc announced that for first quarter of 2013, it expects non-GAAP revenues to be in the range of $257-$266 million and non-GAAP earnings per share (EPS) (assuming fully diluted share count of 172 million shares) to be in the range of $0.23-$0.24. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $263 million and EPS of $0.25 for first quarter of 2013. Full Article
Riverbed Technology Inc Secures Contract
Riverbed Technology Inc announced that EnvisionRxOptions, has deployed the Riverbed Whitewatercloud storage gateway appliance to support its four locations across the United States. Full Article
Riverbed Technology Inc Closes Acquisition Of OPNET Technologies, Inc.
Riverbed Technology Inc announced that it has closed its acquisition of OPNET Technologies, Inc. The Riverbed Cascade business unit and OPNET will be combined into the new Riverbed Performance Management business unit and will be led by General Manager Paul Brady. Full Article
Faruqi & Faruqi, LLP Seeking More Cash For Shareholders Of Riverbed Technology Inc
Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the Board of Directors of OPNET Technologies Inc. for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Riverbed Technology, Inc. in a cash-and-stock deal valued at approximately $921 million. Under the terms of the proposed transaction, OPNET's stockholders will receive $36.55 in cash and 0.2774 of a share of Riverbed common stock for each share of OPNET common stock they own. The transaction values the proposed consideration at approximately $41.77 based on Riverbed's closing stock price on November 1, 2012. The investigation focuses on whether OPNET's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of OPNET's shareholders. Full Article
Riverbed Technology Inc To Acquire OPNET Technologies, Inc.
Riverbed Technology Inc and OPNET Technologies, Inc. announced that Riverbed has entered into a definitive agreement to acquire OPNET for $43 per share in cash and stock, representing an equity value of $1 billion and an enterprise value of $921 million. Under the terms of the agreement between Riverbed and OPNET, Riverbed will acquire all of the outstanding shares of OPNET common stock pursuant to an exchange offer, followed by a second step merger. In the exchange offer and the merger, OPNET stockholders will receive for each OPNET share they own: $36.55 in cash; and 0.2774 of a share of Riverbed common stock. The cash portion of the offer consideration will be financed through Riverbed`s existing cash on hand and new debt. The exchange offer is subject to customary closing conditions, including the tender into the exchange offer by OPNET stockholders of shares representing at least a majority of the outstanding shares of OPNET common stock on a fully diluted basis, receipt of financing and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, as amended, and is expected to close before December 31, 2012. Full Article
Riverbed Technology Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates-Conference Call
Riverbed Technology Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $230 million to $236 million and earnings per share (EPS) is expected to be around $0.29. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $232 million and EPS of $0.28 for fourth quarter of 2012. Full Article
Riverbed Technology Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates-Conference Call
Riverbed Technology Inc announced that for third quarter of 2012, it expects revenue to be in the range of $214 million to $219 million and earnings per share (EPS) to be between $0.25 and $0.26. to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $216 million and EPS of $0.25 for third quarter of 2012. Full Article
Riverbed Technology Inc Increases Authorized Share Repurchase By $150 Million To $300 Million
Riverbed Technology Inc announced that its board of directors approved a $150 million increase to the share repurchase program announced August 19, 2011. The total authorized repurchase is $300 million. Full Article
Riverbed results miss estimates as customers cut spending
- Riverbed Technology Inc reported quarterly results below analysts' estimates due to weak spending by businesses and the U.S. government, and it forecast a lackluster second quarter, sending its shares down 8 percent.
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