Take a look at some of Friday's midday movers:» Read More
Nov 14- Cisco Systems Inc's shares fell as much as 13 percent on Thursday after the network equipment maker forecast a steep drop in revenue for the current quarter, prompting at least 17 brokerages to cut price targets on its stock and two to downgrade their ratings. Analysts cut their price targets on Cisco's stock by as much as $6 to a low of $20.
Nov 14- Cisco Systems Inc's shares were set to open about 13 percent lower after the network equipment maker forecast a steep drop in revenue, prompting at least two brokerages to downgrade its stock and 12 to cut their price targets.
Bloomberg reported that Riverbed was working with Goldman Sachs Group Inc to consider options including a sale of the company and that it had already attracted informal interest from private equity firms for a leveraged buyout..
Nov 13- Network equipment maker Riverbed Technology Inc is working with Goldman Sachs Group Inc to consider options including a sale of the company, Bloomberg reported citing people familiar with the matter. The company and Goldman Sachs were not immediately available for comments on Wednesday's report.
Nov 8- Affiliates of activist hedge fund Elliott Management Corp disclosed a stake of about 9 percent in Riverbed Technology Inc and said the network equipment maker was "significantly undervalued". "This is a spark that could light a fire in Riverbed's shares," FBR Capital Markets analyst Daniel Ives said.
Nov 8- An affiliate of activist hedge fund Elliott Management Corp disclosed a 5.8 percent stake in Riverbed Technology Inc, a network equipment maker it said was "significantly undervalued".
*Expects 4th- quarter adj earnings/share $0.26- $0.27 vs est $0.27. *Sees adj revenue $270 mln- $276 mln vs est $283.7 mln. The company said it expects fourth-quarter adjusted earnings of 26- 27 cents on revenue of $270- $276 million.
Check out which companies are making headlines after the bell Tuesday:
The markets continue a slow melt-up, but it suggests we are getting into overbought territory. One simple indicator would be the S&P 500 Index.
Check out which companies are making headlines after the bell Monday:
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
Check out which companies are making headlines after the bell Wednesday:
Where are employees most satisfied in their jobs? Beer tasters at Sam Adams? Photographers at Playboy? Shoppers for Saks? Mickey at Disneyland? No, Facebook.
Considering how tech companies have fared this year, including rivals such as Cisco Systems spacer, this was not a huge surprise. But Cisco does not carry F5’s high expectations either. If I were an investor, alarms would be sounding. TheStreet.com reports.
NEW YORK-- Shares of Riverbed Technology climbed more than 10 percent in premarket trading on Friday as the networking company's third-quarter results topped Wall Street's view. For the fourth quarter, Riverbed Technology foresees adjusted earnings of about 29 cents per share on revenue in a range of $230 million to $236 million.
Check out which companies are making headlines after the bell Thursday.
Oct 12- Riverbed Technology Inc:. *MKM Partners raises Riverbed Technology Inc fair value to $23 from. Reuters Station users, click. 1568.
Oct 9- Riverbed Technology Inc:. *Thinkequity raises Riverbed Technology Inc price target to $26 from. Reuters Station users, click. 1568.
*Barclays cuts Adtran Inc to underweight from equal weight; price. *Barclays raises Acme Packet Inc price target to $20 from $13. *Barclays raises Riverbed Technology Inc price target to $21 from $20.
Oct 4- Riverbed Technology Inc:. *UBS raises Riverbed Technology Inc price target to $24 from $20; rating neutral. Reuters Station users, click. 1568.