Market Overview

Riverbed Technology To Deliver Earnings Growth, Experts & Crowd Say

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Riverbed Technology, Inc. (NASDAQ: RVBD) is scheduled to announce its first quarter financial results on Monday before the market opens.

According to Estimize, both experts and the crowd expect to see 12.5 percent year-over-year growth in earnings. In the first quarter of 2014, the company reported earnings of $0.24 per share on revenue of $265.4 million; for the current quarter, earnings are projected to come in at $0.27 per share. The Street models revenue of $265.31 million, while the crowd anticipates $269.66 million in revenue.

On the other hand, these estimates imply a substantial decline from last quarter’s results. The fourth quarter of 2014 brought earnings of $0.34 per share on revenue of $283.39 million.

The second graph illustrates the evolution of estimates over time. The Street’s expectations have remained flat since early February. The crowd’s consensus cannot be visualized, but stands at the same level as the Street's, and also maintained its level over time.

 

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