Riverbed December quarter results could beat expectations, says Oppenheimer After conducting checks, Oppenheimer believes that the company's Steelhead product is generating solid demand, and the firm raised its estimates for the quarter near the high end of the company's guidance. The firm remains conservative on the company's 2014 outlook, but believes that the December quarter results could improve investor sentiment towards the name. It keeps an Outperform rating on the stock.
S&P announces changes to the S&P 400, 600 indices S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: Dunkin' Brands Group (DNKN) will replace Riverbed Technology (RVBD) in the S&P MidCap 400 after the close of trading on Monday, April 27. A group led by Thoma Bravo is acquiring Riverbed Technology in a deal expected to be completed tomorrow. Walker & Dunlop (WD) will replace Entropic Communications (ENTR) in the S&P SmallCap 600 after the close of trading on Thursday, April 30. MaxLinear (MXL) is acquiring Entropic Communications in a transaction expected to be completed on or about that date pending final approvals.