Gabelli & Co Analysts Begin Coverage on Riverbed Technology (RVBD)
Shares of Riverbed Technology opened at 16.52 on Friday. Riverbed Technology has a 52 week low of $18.33 and a 52 week high of $41.83. The company has a market cap of $2.619 billion and a P/E ratio of 45.65.
Riverbed Technology last announced its earnings results on Thursday, April 19th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Riverbed Technology will post $0.25 earnings per share next quarter.
A number of other firms have also recently commented on RVBD. Analysts at Stephens initiated coverage on shares of Riverbed Technology in a research note to investors on Thursday, May 17th. They set an “equal weight” rating on the stock. Separately, analysts at MKM Partners downgraded shares of Riverbed Technology from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, May 16th. They now have a $16.50 price target on the stock, down previously from $28.00. Finally, analysts at Caris & Co. initiated coverage on shares of Riverbed Technology in a research note to investors on Friday, May 4th. They set an “average” rating on the stock.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).