Gabelli Starts Stock Coverage on Riverbed Technology (RVBD)

By admin | 6 years ago

Gabelli started coverage on shares of Riverbed Technology (NASDAQ: RVBD) in a research note issued on Friday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Gabelli & Co initiated coverage on shares of Riverbed Technology in a research note to investors on Friday. They set a “buy” rating on the stock. Separately, 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. Finally, 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.

Riverbed Technology traded up 6.44% on Friday, hitting $16.52. 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 price-to-earnings ratio of 45.65.

Riverbed Technology last released its earnings data 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. 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).

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