Riverbed Technology Target of Unusually Large Options Trading (RVBD)
Riverbed Technology (NASDAQ:RVBD) saw some unusual options trading activity on Monday. Stock investors purchased 8,276 call options on the company, Analyst RN reports. This is an increase of 224% compared to the typical volume of 2,556 call options.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Riverbed Technology from an “underperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $16.00 price target on the stock, up previously from $13.00. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Riverbed Technology in a research note to investors on Thursday, September 12th. They now have a $11.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $17.62.
Riverbed Technology (NASDAQ:RVBD) traded down 2.23% on Monday, hitting $14.93. The stock had a trading volume of 3,667,945 shares. 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 $15.43 and its 200-day moving average is $15.58. The company has a market cap of $2.452 billion and a price-to-earnings ratio of 526.55.
Riverbed Technology (NASDAQ:RVBD) last announced its earnings results 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 last year, the company posted $0.23 earnings per share. Riverbed Technology’s revenue was up 25.9% compared to the same quarter last year.
Riverbed Technology, Inc (NASDAQ:RVBD) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.