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Saturday, April 20, 2024

Riverbed Technology And Fortinet Decimated After Earnings

Courtesy of Benzinga

Riverbed Technology (NASDAQ: RVBD) released its Q2 earnings results after the closing bell on Tuesday. The company reported EPS of $0.21, which was in line with consensus estimates. Revenues came in at $170.3M, which missed consensus estimates of $172.8M. In the after hours, the stock is trading down a whopping 24.34% to $31.20.

Fortinet (NASDAQ: FTNT) released its second quarter earnings results after the closing bell on Tuesday. The company reported EPS of Q2 EPS of $0.09 compared to estimates of $0.08. Revenues came in at $103M compared to analysts’ estimates of $96.65M. In the after hours trading session, FTNT shares are down 15.05% to $22.75.

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