Shares of the network equipment maker jumped after it reported third-quarter results that soundly beat analyst expectations. Riverbed reported a per-share profit of 28 cents, 3 cents better than expected and up 17 percent from the year-earlier quarter. Revenue rose 15 percent to $218.6 million. The company is moving into newer areas including cloud-based computing.
Globe wires October 20, 2012
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢