Caris & Co. Starts Stock Coverage on Riverbed Technology (RVBD)
Equities research analysts at Caris & Co. started coverage on shares of Riverbed Technology (NASDAQ: RVBD) in a research note issued to investors on Friday. The firm set an “average” rating on the stock.
A number of other firms have also recently commented on RVBD. Analysts at Caris & Company initiated coverage on shares of Riverbed Technology in a research note to investors on Thursday. They set an “average” rating on the stock. Separately, analysts at Sterne Agee cut their price target on shares of Riverbed Technology from $32.00 to $28.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock. Finally, analysts at FBN Securities cut their price target on shares of Riverbed Technology from $28.00 to $25.00 in a research note to investors on Friday, April 20th. They now have a “sector perform” rating on the stock.
Shares of Riverbed Technology traded down 0.37% during mid-day trading on Friday, hitting $18.91. Riverbed Technology has a one year low of $18.33 and a one year high of $41.83. The company has a market cap of $2.998 billion and a P/E ratio of 55.82.
Riverbed Technology last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. Riverbed Technology’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Riverbed Technology will post $0.26 earnings per share next quarter.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).