Scalper1 News
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 Scalper1 News
Scalper1 News