Riverbed Technology Buyback
OLI recorded this information on 3/4/2014
Riverbed Technology (NASDAQ:RVBD), the leader in application performance infrastructure, announced today that its board of directors approved a $250 million increase to the company's share repurchase program first announced August 19, 2011. The total authorized repurchase amount under the program is now $750 million.
Riverbed Technology is engaged in application performance infrastructure. Co.'s Riverbed Application Performance Platform is a set of integrated solutions that host applications and data in certain locations. The platform is divided into two product lines: Application Acceleration, which consists of Co.'s wide area network optimization products, its Stingray virtual application delivery controllers, and its Whitewater cloud storage delivery products; and Performance Management, which includes its network performance management, application performance management, network engineering, operations and planning, and network simulation and modeling products.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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