Riverbed Technology Inc. (RVBD) reported fourth quarter non-GAAP net income of $0.29 per share after the bell Thursday, compared to $0.25 per share a year ago. The consensus estimate was for EPS of $0.29.
Riverbed Technology gapped down sharply Friday and declined in early trade, before settling into a narrow range. The stock finished down by 3.54 at $16.56, with volume at over a 9-month high. Riverbed Technology dropped to a 2 1/2 month low and fell below both its 50 and 200-day moving averages.
by RTT Staff Writer
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