Riverbed (RVBD) guides on its CC for Q3 revenue of $265M-$270M and EPS of $0.23-$0.24, below a consensus of $274.5M and $0.26.
All product segments are expected to show Q/Q growth except for recently-acquired OPNET, which is expected to be flat.
OPNET was also responsible for the Q2 revenue miss. The network management software unit posted Q2 sales of $40M, below guidance of $42M-$46M that itself disappointed investors. Riverbed CEO Jerry Kennelly: "We still have work to do integrating the two companies."
Riverbed is still cautious about U.S. federal spend, and calls the macro environment "mixed."
Deferred revenue totaled $310.9M, +5% Q/Q.
Q2 results, PR