Investorideas.com Newswire

Investorideas.com Newswire
Be one of the most talked about companies (stocks) on social media

Investorideas.com tech news

Wednesday, July 25, 2012

Tech Stock Trading Alert; Riverbed Technology (RVBD) Soars on Second Quarter Results

New York, NY - July 25, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Riverbed Technology, Inc. (NasdaqGS :RVBD), trading up at $18.28 , gaining $ 3.73 or 25.64% as of 11:51AM EDT on over 13 Million shares. The Company reported Second Quarter results at the close yesterday.

GAAP revenue for Q2'12 was $198 million, an increase of 9% compared to $182 million in the first quarter 2012 (Q1'12) and an increase of 17% compared to $170 million in the second quarter 2011 (Q2'11). GAAP net income for Q2'12 was $18 million, or $0.11 per diluted share, compared to $7 million, or $0.04 per diluted share, in Q1'12 and $11 million, or $0.07 per diluted share, in Q2'11.
Non-GAAP revenue for Q2'12 was $199 million, an increase of 9% compared to $183 million in Q1'12 and an increase of 17% compared to $170 million in Q2'11. Non-GAAP net income for Q2'12 was $37 million, or $0.23 per diluted share, compared to $33 million, or $0.20 per diluted share, in Q1'12 and $35 million, or $0.21 per diluted share in Q2'11.
"We executed well in the second quarter, driving stronger sales of our new Steelhead and Cascade platforms, demonstrating continued demand for performance-improvement technologies," said Jerry M. Kennelly, Riverbed president and CEO. "Revenue grew across all major geographies and revenue growth accelerated across our core product offerings. Looking forward, we believe our expanded product offerings and partnerships will further extend our reach to new customers and market segments."
Investorideas.com Newswire About Riverbed Technology
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. www.riverbed.com
About Investorideas.com
InvestorIdeas.com is a leader in investor stock research with a focus on energy and water. Sectors we cover include; water and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, natural gas stocks, tech (includes cloud and social networking), defense stocks, nanotech, China stocks and agriculture.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook
http://www.facebook.com/Investorideas
Get Free investor news and stock alerts
Sign Up: http://www.investorideas.com/Resources/Newsletter.asp
Join Investor Ideas Get 13 of the best stock directories online;
Research tech stocks, oil and gas stocks, gold stocks, water stocks, renewable energy stocks and more
Join: http://www.investorideas.com/membership/
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising . www.InvestorIdeas.com/About/Disclaimer.asp
800-665-0411
Source - www.Investorideas.com