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Riverbed's (RVBD -25.2%) Q1 revenue miss and Q2 guidance result in a post-earnings crash for the...

Riverbed'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)
Comments (1)
  • huhzzzzz
    , contributor
    Comments (2) | Send Message
     
    The managements of this company have to really work now instead of being lazy, just sit there and sell their stocks OR they would have a chance to give their stocks away if it didn't get improved.
    20 Apr 2012, 05:39 PM Reply Like
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