Riverbed Technology Receives “Outperform” Rating from RBC Capital (RVBD)
Riverbed Technology (NASDAQ: RVBD)‘s stock had its “outperform” rating reaffirmed by research analysts at RBC Capital in a report released on Friday, Analyst Ratings Network reports. They currently have a $5.50 target price on the stock.
Riverbed Technology (NASDAQ: RVBD) traded down 2.44% on Friday, hitting $14.59. Riverbed Technology has a 52-week low of $13.30 and a 52-week high of $28.29. The stock’s 50-day moving average is currently $15.32. The company has a market cap of $2.383 billion and a price-to-earnings ratio of 45.32.
Riverbed Technology (NASDAQ: RVBD) last announced its earnings results on Thursday, February 7th. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29. The company had revenue of $238.70 million for the quarter, compared to the consensus estimate of $233.91 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that Riverbed Technology will post $1.12 earnings per share for the current fiscal year.
RVBD has been the subject of a number of other recent research reports. Analysts at Lake Street Capital initiated coverage on shares of Riverbed Technology in a research note to investors on Tuesday, February 19th. They set a “buy” rating and a $20.00 price target on the stock. Separately, analysts at Needham & Company upgraded shares of Riverbed Technology from a “buy” rating to a “strong-buy” rating in a research note to investors on Tuesday, February 19th. They now have a $27.00 price target on the stock. Finally, analysts at FBN Securities cut their price target on shares of Riverbed Technology from $25.00 to $23.00 in a research note to investors on Monday, February 11th. They now have a “sector perform” rating on the stock.
One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.26.
Riverbed Technology, Inc. (NASDAQ: RVBD) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).
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