Riverbed Technology (Nasdaq: RVBD ) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Riverbed Technology beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins dropped, net margins dropped.
Riverbed Technology recorded revenue of $237.4 million. The 30 analysts polled by S&P Capital IQ predicted revenue of $234.8 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $202.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The 31 earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.03 for Q4 were 75% lower than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 75.4%, 10 basis points better than the prior-year quarter. Operating margin was 11.3%, 360 basis points worse than the prior-year quarter. Net margin was 2.0%, 790 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $258.6 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $1.13 billion. The average EPS estimate is $1.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 972 members out of 1,017 rating the stock outperform, and 45 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Riverbed Technology a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Riverbed Technology is outperform, with an average price target of $24.08.
Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Riverbed Technology fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Riverbed Technology to My Watchlist.