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Riverbed Technology Inc

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  • April 29- Network equipment maker Riverbed Technology Inc reported an 8 percent rise in quarterly revenue as U.S. telecom carriers spent more to expand and strengthen their networks. Riverbed reported net income of $3.3 million, or 2 cents per share, in the first quarter ended March 31, compared with a net loss of $8.1 million, or 5 cents per share, a year earlier.

  • Loeb to argue against Sotheby's poison pill on Tuesday Tuesday, 29 Apr 2014 | 12:15 AM ET

    BOSTON, April 29- Sotheby's and its largest investor, Daniel Loeb, will open their arguments in court on Tuesday on whether the auction house should be allowed to restrict the billionaire's ownership stake, in a case that could reshape the world of shareholder activism.

  • Shares of the company, whose customers include AT&T Inc and Verizon Communications Inc, rose about 3 percent in extended trading. AT&T has estimated capital expenditure of about $21 billion for this year, while Verizon has said it expected to spend about $17 billion.

  • April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc after being rebuffed twice, saying it remained "extremely interested" in acquiring the company. The stock had touched a high of $22.76 in February after Elliot raised its initial bid by $2 to $21 per share.

  • April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc, saying it remained "extremely interested" in acquiring the company. Riverbed rejected Elliott Management's raised bid in February, saying the offer undervalued the company.

  • Midday movers: Madison Square Garden, eBay & More Friday, 28 Feb 2014 | 12:00 PM ET

    Some of Friday's midday movers:

  • Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's raised bid of $3.36 billion, saying the hedge fund's offer undervalued the company. Elliott on Tuesday increased its offer by $2 to $21 per share and said it could raise the bid if allowed access to Riverbed's books for due diligence. Goldman, Sachs& Co is advising Riverbed.

  • Riverbed rejects Elliott's unsolicited takeover bid Friday, 28 Feb 2014 | 8:46 AM ET

    Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's unsolicited bid to buy the company for $3.36 billion, saying the hedge fund's offer undervalued the company.

  • *Raises offer to $21 per share from $19 per share. *Co could get offers worth $24 to $25 per share-analyst. Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc by 9 percent to $3.36 billion and said the company had ignored offers from other potential buyers.

  • Elliott ‘doubling down’ on bid for Riverbed Tuesday, 25 Feb 2014 | 2:46 PM ET
    Jerry Kennelly, center, chairman and CEO of Riverbed Technology

    Elliott Management Corp. is getting more aggressive in its bid for Riverbed Technology with a new offer of $21 a share.

  • Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $3.36 billion from $3.08 billion and said it was aware of other potential buyers that Riverbed had so far ignored. The new offer of $21 per share represents a 5.8 percent premium to the stock's closing price of $19.85 on Monday.

  • Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $21 per share from $19 and said it would not increase the offer "in the absence of private diligence". The new offer values Riverbed at about $3.36 billion. The company rejected the earlier $3.08 billion offer on Jan. 15.

  • Elliot raises offer for Riverbed to $21 per share Tuesday, 25 Feb 2014 | 1:01 PM ET

    Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $21 per share from $19 and said it would not increase the offer "in the absence of private diligence". The new offer values Riverbed at about $3.36 billion. The company rejected the earlier $3.08 billion offer on Jan. 15.

  • In the past two weeks, Juniper's peers Riverbed Technology Inc and F5 Networks Inc have forecast current-quarter revenue above Wall Street estimates. Juniper forecast first-quarter adjusted profit of 27 cents to 30 cents on revenue of $1.12 billion to $1.16 billion.

  • Cramer: This market chock full of surprises Wednesday, 15 Jan 2014 | 6:01 PM ET

    You could almost hear the bulls cheering on Wall Street as the S&P pared 2014 losses and then closed at an all time high.

  • Midday movers: Apple, Netflix & More Wednesday, 15 Jan 2014 | 12:55 PM ET

    Some of Wednesday's midday movers:

  • Jan 15- Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion offer, increasing pressure on the network gear maker to deliver on its turnaround plans.

  • UPDATE 1-Riverbed rejects Elliott's buyout offer Wednesday, 15 Jan 2014 | 9:12 AM ET

    Jan 15- Network gear maker Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion takeover offer and estimated fourth-quarter results above expectations. Riverbed forecast first-quarter revenue of $262 million- $268 million, above analysts' view of $258.5 million.

  • Riverbed rejects Elliott's buyout offer Wednesday, 15 Jan 2014 | 8:40 AM ET

    Jan 15- Riverbed Technology Inc on Wednesday rejected Elliott Management Corp's proposal to buy the company for $19 per share.

  • Riverbed estimates 4th-qtr results above estimates Wednesday, 15 Jan 2014 | 8:37 AM ET

    Jan 15- Network-gear maker Riverbed Technology Inc estimated fourth-quarter results above analysts' estimates. The company, which has received a $3.08 billion takeover offer from Elliott Management Corp, said it expects fourth-quarter adjusted earnings of 30- 31 cents per share on revenue of $284 million to $285 million.