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Riverbed Technology (NASDAQ:RVBD) has been given an average recommendation of “Hold” by the twenty-three ratings firms that are currently covering the stock, Analyst Ratings Net reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of research firms have recently commented on RVBD. Analysts at Jefferies Group reiterated a “hold” rating on shares of Riverbed Technology in a research note on Friday, July 25th. They now have a $17.00 price target on the stock, down previously from $19.00. Separately, analysts at Buckingham Research initiated coverage on shares of Riverbed Technology in a research note on Wednesday, July 16th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, analysts at Needham & Company LLC reiterated a “hold” rating on shares of Riverbed Technology in a research note on Tuesday, July 15th.

Shares of Riverbed Technology (NASDAQ:RVBD) traded up 0.74% on Monday, hitting $18.305. The stock had a trading volume of 35,900 shares. Riverbed Technology has a 52-week low of $13.77 and a 52-week high of $22.76. The stock’s 50-day moving average is $18.81 and its 200-day moving average is $19.64. The company has a market cap of $2.924 billion and a price-to-earnings ratio of 138.70.

Riverbed Technology (NASDAQ:RVBD) last released its earnings data on Thursday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $264.00 million for the quarter, compared to the consensus estimate of $277.42 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Riverbed Technology will post $1.17 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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