NEW YORK (TheStreet) -- Riverbed Technology (RVBD) shares are up 0.75% to $18.76 on Friday after the IT solutions provider reported third quarter earnings that were in line with estimates.

The company's net income during the period was $11.5 million, or 30 cents per diluted share, on an adjusted basis, in line with expectations for the quarter.

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Revenue for the period was $276.4 million, which fell short of analysts guidance of $280 million.

The company also guided fourth quarter earnings below expectations, saying that it expects to see non-GAAP revenues between $285 and $290 million and earnings between 31 cents and 33 cents per diluted share.

Analysts are expecting revenue of $299.6 million and earnings of 35 cents per diluted share.

TheStreet Ratings team rates RIVERBED TECHNOLOGY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

TST Recommends

"We rate RIVERBED TECHNOLOGY INC (RVBD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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