It wasn't that long ago that another analyst was busy slamming RVBD saying that checks showed CSCO taking share. Guess that just isn't the case. RVBD is the dominant player in their sector and CSCO has too much other areas to focus on. It also explains why RVBD managed to hold up well in the recent selloff. The market knows!
09:02 RVBD Riverbed Technology: RVBD should post strong quarter; Cisco's WAAS mgt software encounters issues - Stifel Nicolaus (21.55 )
Stifel notes that their checks show RVBD should post a strong quarter, beating their est of $93 mln and $0.14 (in line w/consensus). They believe momentum was strong in the service provider and system integrator verticals, their checks show that ahead of releasing a blade for HP's ProCurve switches (at year-end), HP is aggressively pushing RVBD through its sales channel. They expect momentum with HPQ to continue through the course of the year. Their recent checks show that CSCO is not being as aggressive in pushing its WAN Optimization products; they believe that the co's WAAS mgmt software is in the Quality Improvement Process. They note these issues are likely to reinforce RVBD's dominance in the WAN acceleration market. They expect guidance and commentary regarding September to be fairly upbeat; they are turning more positive on RVBD as the only vendor in network tech that will show growth in '09