Riverbed's (RVBD -25.2%) Q1 revenue miss and Q2 guidance result in a post-earnings crash for the...
Friday, April 20, 2012, 10:21 AM ETRiverbed's (RVBD -25.2%) Q1 revenue miss and Q2 guidance result in a post-earnings crash for the second straight quarter (previous). JPMorgan, Wedbush, Oppenheimer, and Cantor Fitzgerald are downgrading in response; the firms voice concerns about product transitions, sales cycles and execution, soft demand, and the digesting of acquisitions, with JPMorgan and Cantor arguing Riverbed's problems could take at least a couple quarters to resolve. (transcript)
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