Traders Buy High Volume of Riverbed Technology Put Options (RVBD)
Shares of Riverbed Technology (NASDAQ:RVBD) was the recipient of some unusual options trading on Monday. Traders acquired 9,211 put options on the company, StockRatingsNetwork reports. This represents an increase of 579% compared to the average volume of 1,356 put options.
RVBD has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Riverbed Technology (NASDAQ:RVBD) in a research note to investors on Monday. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Riverbed Technology (NASDAQ:RVBD) in a research note to investors on Thursday, September 12th. They now have a $11.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Riverbed Technology (NASDAQ:RVBD) from $16.00 to $15.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.67.
Riverbed Technology (NASDAQ:RVBD) traded down 1.25% on Monday, hitting $15.42. 2,158,693 shares of the company’s stock traded hands. Riverbed Technology has a 52 week low of $13.83 and a 52 week high of $24.23. The stock’s 50-day moving average is $15.77 and its 200-day moving average is $15.62. The company has a market cap of $2.533 billion and a price-to-earnings ratio of 538.45.
Riverbed Technology (NASDAQ:RVBD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $257.72 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts predict that Riverbed Technology will post $0.95 earnings per share for the current fiscal year.
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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