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Shares of Riverbed Technology (NASDAQ:RVBD) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are covering the stock, American Banking & Market News reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.47.

Shares of Riverbed Technology (NASDAQ:RVBD) opened at 18.83 on Monday. 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 $18.5 and its 200-day moving average is $19.60. The company has a market cap of $3.007 billion and a price-to-earnings ratio of 142.52.

Riverbed Technology (NASDAQ:RVBD) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.23 earnings per share. Riverbed Technology’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Riverbed Technology will post $1.17 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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.

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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