Fundamental change may be needed for Riverbed, says Janney Capital Janney Capital said Riverbed's mediocre quarter and guidance make it harder to believe in management's premise that the company can drive higher value than a private equity firm would offer. Janney lowered its fair value estimate on the stock to $21 from $23, but believes Elliott's buyout offer should provide downside protection and keeps its Buy rating on the shares.
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.