Riverbed rejects Elliot's offer; sees strong Q4

|About: Riverbed Technology, Inc. (RVBD)|By:, SA News Editor

The $19 per share offer undervalues the company and is not in the best interests of shareholders, says Riverbed (RVBD).

The company also releases preliminary Q4 numbers, now expecting non-GAAP revenue of $284M-$285M, above previous guidance of $270-$276. Net income is expected at $0.30-$0.31 per share vs. previous guidance of $0.26-$0.27.

Q1 EPS is guided to $0.21-$0.23 on revenue of $262M-$268M.

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