Riverbed (RVBD) Slammed On Lackluster Results, Acquisitions
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Shares of Riverbed Technology, Inc. (Nasdaq: RVBD) are trading down 23% following lackluster Q2 results and announcing the acquisition of two companies, Zeus Technology and Aptimize. Zeus is a privately-owned company based in the United Kingdom.
The company reported quarterly EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $170.3 million versus the consensus estimate of $172.86 million.
The company reported quarterly EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $170.3 million versus the consensus estimate of $172.86 million.
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