NASDAQ Movers; Tech Stock Riverbed Technology (NasdaqGS: RVBD) Moves on Record Earnings
Category: Investment, Technology
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News about Riverbed Technology, Inc.
New York, New York - October 19, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on one of the top five percentage gainers today on the NASDAQ, Riverbed Technology, Inc. (NasdaqGS :RVBD). The stock is trading at $23.00, up 2.31 or 11.16% as of 2:01PM EDT on over 13 Million shares. The stock traded as high as $23.72.
The Company reported financial results for its third quarter ended September 30, 2012 (Q3'12).
GAAP revenue for Q3'12 was $219 million, an increase of 10% compared to $198 million in the second quarter 2012 (Q2'12) and an increase of 15% compared to $190 million in the third quarter 2011 (Q3'11). GAAP net income for Q3'12 was $25 million, or $0.15 per diluted share, compared to $18 million, or $0.11 per diluted share, in Q2'12 and $19 million, or $0.12 per diluted share, in Q3'11.
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.
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