Riverbed's Beat Is a Defeat for Cisco

Riverbed's(RVBD_) upside pre-announcement shows which way the spending is flowing in networking gear -- away from equipment shops like Cisco(CSCO_) and Extreme Networks(EXTR_).
More on RVBD

Riverbed Technology Incorporated| RVBD UPCisco Systems Inc.| CSCO DOWNExtreme Networks Inc.| EXTR UPRiverbed, which makes networking systems that squeeze higher performance out of old IT gear, released its preliminary first quarter results Tuesday, calling for adjusted earnings of 19 to 20 cents a share on about $163.5 million in sales. The numbers beat analysts' targets that called for 18 cents a share pro forma profit on $161 million in revenue.

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- Posted: 2011-04-13 13:02:37

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