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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:45 EDTRVBDElliott says buyback shows Riverbed 'focused on the wrong issues'
Elliott Management issued a statement in response to Riverbedís announcement of an expanded stock repurchase program. Elliott said, "Riverbed's announcement today of an increased buyback program is more clear evidence of the Board's entrenchment. Riverbedís shareholders want and expect the Board to explore a value-maximizing sale, not to reflexively announce a buyback when the stock is up 35% on buyout speculation. Instead of engaging interested buyers, the Board has once again confirmed that it is focused on the wrong issues and desperately searching for any tactic that will allow it to retain control over a public Riverbed. The correct path forward is for the Board to allow all interested buyers, including Elliott, to conduct diligence so they can present shareholders with their best offers for the Company."
News For RVBD From The Last 14 Days
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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.
October 13, 2014
07:12 EDTRVBDRiverbed news already priced into stock, says JMP Securities
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