Riverbed Technology (Nasdaq: RVBD) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Riverbed Technology's revenues will grow 29.8% and EPS will drop -4.3%.

The average estimate for revenue is $257.7 million. On the bottom line, the average EPS estimate is $0.22.

Revenue details
 Last quarter, Riverbed Technology booked revenue of $246.1 million. GAAP reported sales were 35% higher than the prior-year quarter's $182.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.23. GAAP EPS were -$0.05 for Q1 versus $0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 72.0%, 240 basis points worse than the prior-year quarter. Operating margin was -2.7%, 990 basis points worse than the prior-year quarter. Net margin was -3.3%, 710 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.08 billion. The average EPS estimate is $0.99.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 991 members out of 1,039 rating the stock outperform, and 48 members rating it underperform. Among 235 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 226 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 hold, with an average price target of $21.21.

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