Key Developments: Riverbed Technology Inc (RVBD.O)

RVBD.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Riverbed Technology Inc gives Q3 2014 guidance in line with analysts' estimates
Thursday, 24 Jul 2014 04:11pm EDT 

Riverbed Technology Inc:Expects Q3 2014 non-GAAP revenues to be in the range of $285 to $291 million.Expects Q3 2014 non-GAAP earnings per share to be in the range of $0.30 to $0.32 per share.Q3 2014 revenue of $285 million and EPS of $0.30 - Thomson Reuters I/B/E/S.  Full Article

Riverbed Technology Inc lowers Q2 2014 revenue outlook; sees Q2 2014 EPS outlook at low end of prior range
Monday, 14 Jul 2014 08:30am EDT 

Riverbed Technology Inc:Says it is lowering previous Q2 2014 revenue guidance.Expects Q2 2014 Non-GAAP revenue to be in the range of $264 -$265 mln, compared to its previous guidance of $274 - $280 mln.Expects Q2 2014 non-GAAP earnings to be at the low end of its previous guidance of $0.26 to $0.28 per diluted share.Q2 2014 revenue of $277 mln, EPS of $0.27 - Thomson Reuters I/B/E/S.  Full Article

Riverbed Technology Inc gives Q2 2014 outlook in line with analysts' estimates - Conference Call
Tuesday, 29 Apr 2014 04:30pm EDT 

Riverbed Technology Inc:Expects Q2 2014 revenue to be in the range of $274 mln to $280 mln.Expects Q2 2014 Earnings per share to be between $0.26 and $0.28.Q2 2014 revenue of $276 mln, EPS of $0.27 - Thomson Reuters I/B/E/S.  Full Article

Silver Peak wins patent infringement jury verdict against Riverbed Technology Inc
Wednesday, 2 Apr 2014 01:43pm EDT 

Riverbed Technology Inc:Delaware jury deliverer verdict in favor of Silver Peak in trial in which Silver Peak asserted infringement of two of patents against Riverbed.Silver Peak intends to seek permanent injunction against features of Riverbed's RiOS and Steelhead devices covered by Silver Peak patents.  Full Article

Riverbed Technology Inc expands stock repurchase program
Tuesday, 4 Mar 2014 08:30am EST 

Riverbed Technology Inc:Approved a $250 million increase to the company's share repurchase program first announced Aug. 19, 2011.The total authorized repurchase amount under the program is now $750 million.Stock purchases may be made from time to time on the open market in compliance with applicable state and federal securities laws.  Full Article

Riverbed Technology Inc rejects unsolicited proposal from Elliott
Friday, 28 Feb 2014 08:30am EST 

Riverbed Technology Inc:Board determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $21.00 per share.Says it believes the proposal undervalues the company and is not in the best interests of shareholders.Goldman, Sachs & Co. is serving as financial advisor to Riverbed and Wilson Sonsini Goodrich & Rosati is serving as legal advisor.  Full Article

Riverbed Technology Inc gives Q1 2014 outlook in line with analysts' estimates - Conference Call
Thursday, 30 Jan 2014 04:30pm EST 

Riverbed Technology Inc:Expects Q1 2014 total revenue to be in the range of $262-$268 mln.Expects Q1 2014 earnings per share (EPS) to be between $0.21 and $0.23 based on 166 mln diluted shares outstanding.Q1 2014 revenue of $264 mln, EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

Riverbed Technology Inc rejects Elliott's buyout offer - Reuters
Wednesday, 15 Jan 2014 08:40am EST 

Riverbed Technology Inc:Says on Jan 15 it rejected Elliott Management Corp's proposal to buy the company for $19 per share - Reuters.Says the activist hedge fund offered to buy Riverbed last week for about $3.08 billion in cash.  Full Article

Riverbed Technology Inc raises Q4 2013 guidance
Wednesday, 15 Jan 2014 08:26am EST 

Riverbed Technology Inc:Says Non-GAAP revenue for Q4 2013 is expected to be in the range of $284 million to $285 million, compared to the company's previous guidance of $270 million to $276 million.Says Q4 2013 non-GAAP net income is expected to be in the range of $0.30 to $0.31 per diluted share, compared to the company's previous guidance of $0.26 to $0.27 per diluted share.Q4 2013 revenue of $273 million and EPS of $0.26 - Thomson Reuters I/B/E/S Estimates.  Full Article

Elliott Management Corporation offers to acquire Riverbed Technology for $19.00 per share in cash
Wednesday, 8 Jan 2014 10:42am EST 

Elliott Management Corporation:Says it has sent a letter to the Board of Directors of Riverbed Technology offering to acquire all of the outstanding shares of common stock of Riverbed for a price of $19.00 per share in cash.  Full Article

Riverbed warns second-quarter revenue to miss own expectation

- Network equipment maker Riverbed Technology Inc warned its second-quarter adjusted revenue was lower than its forecast, because of delays in closing some large North American deals.

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