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Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:02 EDTRVBDRiverbed deployed by Wilden Pump
To securely speed backup data to Amazon Simple Storage Service, Wilden Pump deployed solutions from Riverbed Technology and Veeam Software, innovative provider of backup, replication, and virtualization management solutions for VMware vSphere and Hyper-V. By combining Riverbed Whitewater appliances with Veeam Software's Backup & Replication v6, backups to the cloud are now completed in one easy step. As a result of the deployment, Wilden Pump has reduced storage requirements by more than seven times and management of backup operations by 30%. The reduced storage requirements and simplified management save Wilden Pump more than $100,000 annually in cloud storage fees while improving the overall efficiency of its disaster recovery processes, leading to more reliable data protection.
News For RVBD From The Last 14 Days
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October 28, 2014
07:27 EDTRVBDWilliam Blair 'puzzled' over NetApp acquisition
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October 27, 2014
16:03 EDTRVBDNetApp buys Riverbed's SteelStore product line for $80M
NetApp (NTAP) announced the acquisition of Riverbed Technology's (RVBD) SteelStore product line in an all-cash transaction for approximately $80M. he SteelStore product supports leading backup applications and cloud providers so that customers have a choice in how they extend their existing data protection infrastructure into the cloud. NetApp will offer enterprises cloud-integrated storage to securely and efficiently back up their data to both private and public cloud environments. NetApp expects that the SteelStore product will be available during its fiscal third quarter of 2015.
October 24, 2014
10:04 EDTRVBDRiverbed CEO seems much more willing to consider sale, says MKM Partners
After Riverbed's Q4 guidance missed expectations, MKM Partners said its talks with Chairman and CEO Jerry Kennelly made it seem that he is "much more willing" now to consider strategic options. MKM believes Riverbed is worth more as a private company and foresees its strategic review most likely leading to a sale to a pe firm, possibly in the $20-$24 range. The firm maintains its Neutral rating and $21 price target on Riverbed.
October 23, 2014
16:56 EDTRVBDRiverbed sees Q4 EPS 31c-33c, consensus 35c
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16:17 EDTRVBDRiverbed sees Q4 EPS 31c-33c, consensus 35c
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16:16 EDTRVBDRiverbed reports Q3 EPS 30c, consensus 30c
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15:30 EDTRVBDNotable companies reporting after market close
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October 22, 2014
13:14 EDTRVBDRiverbed up 3% after dealReporter says contacting buyers next week
Shares of Riverbed moved higher after dealReporter said the company is expected to start a sale process and contact potential buyers next week, according to its sources.

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