Caris & Co. Analysts Begin Coverage on Riverbed Technology (RVBD)

By admin | 6 years ago

Equities researchers at Caris & Co. began coverage on shares of Riverbed Technology (NASDAQ: RVBD) in a report issued on Thursday. The firm set an “average” rating on the stock.

Shares of Riverbed Technology traded down 1.42% during mid-day trading on Thursday, hitting $18.77. 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 $2.963 billion and a P/E ratio of 56.00.

The company last announced its quarterly results on Thursday, April 19th. It reported $0.20 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.20 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Riverbed Technology will post $0.26 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Wunderlich cut their price target on shares of Riverbed Technology from $35.00 to $32.00 in a research note to investors on Friday, April 20th. They now have a “buy” 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).

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