Needham is staying positive on Riverbed (RVBD -21.1%). The firm points out Riverbed's Q4...

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

Needham is staying positive on Riverbed (RVBD -21.1%). The firm points out Riverbed's Q4 deferred revenue and EMEA sales were strong, albeit while noting (as BofA did earlier this week) its U.S. sales are being hurt by declining government orders. Moreover, it thinks strong 2H sales will offset 1H weakness. Riverbed is still guiding for 2012 sales growth of 17%-20% (prior consensus was 19.9%). (transcript)