Seeking Alpha

Riverbed rejects Elliot's offer; sees strong Q4

  • The $19 per share offer undervalues the company and is not in the best interests of shareholders, says Riverbed (RVBD).
  • Press release
  • 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.
  • Press release
  • Shares +2.8% premarket
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Comments (1)
  • don'tbugmeplease
    , contributor
    Comments (184) | Send Message
     
    Time for some analysts' upgrades.
    15 Jan 2014, 11:56 PM Reply Like
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