Riverbed Technology Below $15

Riverbed Technology ($RVBD) recently gave guidance that didn’t impress investors. As a result, the shares have dropped down to a good price. The company sees Q1 earnings between 23 and 24 cents per share on revenue of $257 million to $266 million.

Here’s how Riverbed describes itself:

Riverbed delivers application performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization.

Here’s a look at RVBD’s stock along with its earnings-per-share:

Posted by Eddy Elfenbein on March 27th, 2013 at 3:27 pm

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