This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Riverbed, Starbucks: After-Hours Trading (Update 1)

Updated from 5:35 p.m. ET to add information on Transocean and latest share prices.

NEW YORK ( TheStreet) -- Shares of Riverbed Technology (RVBD) fell in late trades Thursday as Wall Street was less than impressed with a penny beat from the maker of network management products.

The San Francisco-based company reported non-GAAP earnings of $41 million, or 25 cents a share, on revenue for $204 million for the three months ended Dec. 31. That's up slightly from its equivalent profit of $40 million, or 24 cents a share, on revenue of $191 million in the third quarter.

The average estimate of analysts polled by Thomson Reuters was for earnings of 24 cents a share in the latest quarter on revenue of $200.8 million.

The stock was last quoted at $25.80, down 13.8%, on volume of nearly 1.4 million, according to Based on Thursday's regular-session close at $29.92, the shares were down 15% in the past year.

Since the calendar turned though Riverbed's stock has seen a resurgence, rising more than 25% and boosting the pressure on the company to outperform this past quarter. Back on Oct. 19, Riverbed delivered an upside earnings surprise of nearly 14% for its fiscal third quarter.

"The business has been executing well and fourth quarter revenue growth was fueled by strong enterprise sales in both the U.S. and EMEA [Europe, Middle East and Africa]," said Randy Gottfried, the company's chief financial officer, in a press release Thursday. "Despite higher disk drive costs resulting from recent Thai floods, we reported strong gross and operating margins in the fourth quarter. We believe our past investments in our core and new products will continue to yield solid revenue and profit growth in 2012."

Wall Street was bullish ahead of the report with 23 of the 36 analysts covering Riverbed at either strong buy (8) or buy (15) vs. 12 holds and one sell. The median 12-month price target is $30.50.

Check out TheStreet's quote page for Riverbed Technology for year-to-date share performance, analyst ratings, earnings estimates and much more.


Shares of Starbucks (SBUX - Get Report) slid in the extended session after the coffee seller's outlook for fiscal 2012 came in short of the consensus view.

The Seattle-based coffee seller sees earnings of $1.78 to $1.82 a share for the full year, slightly below the current Wall Street consensus view for a profit of $1.83 a share. The company said it expects "unfavorable" commodity costs to impact results this year with the brunt of the impact coming in the first half of the year.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
RVBD $20.99 -0.05%
CPHD $28.45 0.00%
JNPR $23.35 0.00%
KLAC $70.07 0.00%
RIG $11.01 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs