Riverbed Technology (RVBD): Q1 EPS of $0.20 in-line. Revenue of $183M (+11.6% Y/Y) misses by $3M.Riverbed (RVBD) guides on its Q1 earnings call for revenue of $193M-$197M and EPS of $0.21-$0.22, below a consensus of $202M and $0.24. 2012 sales growth guidance is lowered to 15% from 17%-20%. Shares, already pressured by the Q1 revenue miss, are now down 15% AH. With Riverbed having completed the product transition blamed in January for its soft Q1 guidance, fears of share loss have to be running high.
Resistance level is $18.85 and support at $27.
Resistance level is $18.85 and support at $27.
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