Riverbed Technology, Inc. (RVBD) & F5 Networks, Inc. (FFIV) are rising afterhours due to RVBD coming out higher earnings guidance.
Riverbed Technology, Inc. (RVBD) $33.96 Up 9.60%
F5 Networks, Inc. (FFIV) $96.50 Up 2.96%
Riverbed Technology Reports Preliminary First Quarter Fiscal Year 2011 Results
Riverbed Technology, Inc. (Nasdaq:RVBD), the IT performance company, today announced preliminary first quarter fiscal year 2011 (Q1'11) results, exceeding previously announced first quarter expectations.
Revenue for Q1’11 is expected to be in the range of $163 million to $164 million, compared with revenue of $112.4 million in the first quarter of 2010 (Q1’10). Q1’11 GAAP net income is expected to be between $0.07 and $0.08 per diluted share, compared to $0.01 per diluted share in Q1’10. Q1’11 non-GAAP net income is expected to be between $0.19 and $0.20 per diluted share, compared to $0.10 per diluted share in Q1’10.