Stephens Initiates Coverage on Riverbed Technology (RVBD)
Equities research analysts at Stephens initiated coverage on shares of Riverbed Technology (NASDAQ: RVBD) in a research note issued to investors on Thursday. The firm set an “equal weight” rating on the stock.
A number of other analysts have also recently weighed in on RVBD. 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. They now have a $16.50 price target on the stock, down previously from $28.00. Separately, 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. Finally, analysts at Caris & Company initiated coverage on shares of Riverbed Technology in a research note to investors on Thursday, May 3rd. They set an “average” rating on the stock.
Riverbed Technology traded down 0.45% on Thursday, hitting $15.32. Riverbed Technology has a 52-week low of $15.35 and a 52-week high of $41.83. The company has a market cap of $2.429 billion and a price-to-earnings ratio of 45.26.
Riverbed Technology last posted its quarterly earnings results 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. Analysts expect that Riverbed Technology will post $0.25 EPS next quarter.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).