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Riverbed (RVBD -3.9%) underperforms after Piper (Neutral) slashes its estimates and voices...

Riverbed (RVBD -3.9%) underperforms after Piper (Neutral) slashes its estimates and voices concerns about the company's Euro exposure, as well as slowing growth in Riverbed's core WAN optimization hardware market. Riverbed's aggressive 2H guidance makes it particularly vulnerable to Europe's problems, in Piper's view. Gabelli took a more positive stance on WAN optimization demand last week.
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