Good Job, guys!
https://www.moodys.com/research/Moodys-downgrades-Riverbeds-CFR-to-B3--PR_394853
7 replies (most recent on top)
Just blame sales for not deciphering the cryptic sales strategies of “sell more” and “elevate conversations”.
CFR I believe is convertible fixed rate
I hear sales and SE leadership will be in NY. Perhaps this is a good time for some undercover boss action by having AE/PM and EC/KC act like a field sales team and try to pitch our portfolio. Let’s see how far they go and maybe we’ll all learn something from these guys for once.
Tell sales to sell Moody’s some “human experience”, maybe they’ll upgrade us.
Not a finance person either but it seems that the slip from B2 to B3 is a bad sign. This is based on the fact B3 is the last rating category (under speculative) before hitting the next (lower) grade of Caa1, which falls closer to the junk bond level. Again, not a finance person but it seems that the mention of WANOPT is keeping Riverbed in business.
If we're looking at EBITDA and finding ways to cut the bottom line, there's middle management salaries, products that are unsellable/old that we can unload.
B3 is still a pretty good rating. Wonder who gave them the 50% market share. Is it still being measured scientifically?
I'm not a finance guy. What is 'CFR?' What is B3?