TheStreet.com  Oct 10  Comment 
NEW YORK (TheStreet) -- Shares of Riverbed Technology Inc. are down 2.04% to $18.21 after the company was downgraded to "neutral" from "buy" at Citigroup. The firm said it lowered the technology company's ratings because the company guided to...
TheStreet.com  Oct 10  Comment 
Riverbed Technology Inc. lowered guidance for its third quarter financial performance and, apparently to avoid another onslaught from Elliott Management LP, said it would explore strategic alternatives. Riverbed said Thursday its third quarter...
Benzinga  Oct 10  Comment 
In a report published Friday, Deutsche Bank analyst Brian Modoff reiterated a Hold rating on Riverbed Technology (NASDAQ: RVBD), and raised the price target from $16.00 to $20.00. In the report, Deutsche Bank noted, “RVBD negatively...
Benzinga  Oct 10  Comment 
In a report published Friday, Wunderlich Securities analyst Matthew S. Robison reiterated a Hold rating on Riverbed Technology (NASDAQ: RVBD), and raised the price target from $20.00 to $21.00. In the report, Wunderlich Securities noted,...
Benzinga  Oct 10  Comment 
Riverbed Technology, Inc. (NASDAQ: RVBD) traded higher Thursday on news that it would undertake a comprehensive review of strategic options.  This was welcome news to activist investor Elliot Management. Jesse Cohn, portfolio manager at...
Benzinga  Oct 10  Comment 
Guy Adami spoke on CNBC's Stock Pops & Drops about a 2.82 percent increase in price in Riverbed Technology, Inc. (NASDAQ: RVBD). The stock traded higher on the news of restructuring and Adami thinks that it might be a safe play for a couple of...
TheStreet.com  Oct 9  Comment 
NEW YORK (TheStreet) -- Shares of Riverbed Technology Inca areaup 3.04% to $18.63 todayaafter the company said it would review its alternatives and start a restructuring program to cut costs as it trimmed its third quarter guidance due to lower...
Bloomberg  Oct 9  Comment 
Riverbed Technology Inc., the target of a $21-a-share bid from activist investor Elliott Management Corp., said its board will review its strategic options as the computer-networking company starts a cost-cutting plan.
newratings.com  Oct 9  Comment 
WASHINGTON (dpa-AFX) - Elliott Management, which has a 10.5 percent stake in Riverbed Technology (RVBD), has been making repeated offers to buy Riverbed since January and its latest offer is worth $21 per share. In a statement issued on...
newratings.com  Oct 9  Comment 
WASHINGTON (dpa-AFX) - Network equipment maker Riverbed Technology, Inc (RVBD) on Thursday trimmed its earnings and revenue guidance for the third quarter due mainly to lower than expected growth in the WAN optimization and virtual ADC...


Riverbed, a leader in the WAFS (Wide Area File Services) arena with their Steelhead product, can execute on new market opportunities but not without facing and overcoming significant challenges. In the broader technology sector of Application Acceleration the competition has become fierce in the last eight quarters. The competition includes but is not limited to:

Until recently, Riverbed has beaten the competition in performance and price. The two variables we are keeping an eye on are:

  1. Recent advancements in competitor product performance. Cisco WAAS, F5 Wanjet and others have made significant advancements. They are established vendors with impressive representation in the market via their direct sales efforts, VAR's and SI's.
  2. Riverbed's partnership with Radware (RDWR). This relationship is timely. When considering the swath of technologies required to represent application acceleration solutions, Radware has the products Riverbed lacks. Radware has WOC (WAN Optimization Controllers) and AFE (Application Front End) functionality. Radware is an Israel-based company who at one time was the only contender to F5 in terms of technology. Over the years, F5 has outmarketed and outsold Radware. With Riverbed's sales momentum, Radware may be able to put themselves back into the North American market.

Riverbed does face greater challenges for the remainder of 2007 and well into 2008. Client demand in the enterprise space has been very strong. Giants such as Cisco recognized four years ago that Network Application Acceleration would be a key technology empowering them to have greater account control. This has not escaped the attention of other large vendors such as Juniper and Citrix. For investors, the challenge will be to:

  1. Figure out how fast the market itself is growing
  2. Read through vendor hype and predict who is gaining market share
  3. Keep up with the complexity of this technology.

Business Overview

Riverbed Technology, Inc. (Riverbed) has developed a solution to the fundamental problems of wide-area distributed computing. The Company’s Steelhead appliances enable its customers to improve the performance of their applications and access to their data across wide area networks (WANs), increasing transmission speeds by 5 to 50 times and in some cases by up to 100 times. Riverbed’s products also offer the ability to simplify information technology (IT) infrastructure. Riverbed sells its products and support directly through its sales force and indirectly through distribution partners, including value-added resellers (VARs). Riverbed's wide-area data services (WDS) solution consists of the Riverbed Optimization System (RiOS), the Company's software that is embedded on a general-purpose, hardware-computing platform to form its Steelhead appliances. RiOS integrates four sets of technologies: Data Streamlining, Transport Streamlining, Application Streamlining and Management Streamlining.
199 Fremont Street
San Francisco, CA 94105


Riverbed Technologies Annual Revenues, 2004-2007
2004 2005 2006 2007
Product $2,325 $17,759 $70,967 $189,219
Support and Services $106 $1,925 $12,315 $38,460
Ratable Product and Related Support and Services $131 $3,257 $6,925 $8,728
Total Revenues $2,562 $22,941 $90,207 $236,406
Year-over-year Revenue Growth -- 764% 400% 267%


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