Barclays Maintains an 'Overweight' on Riverbed Technology (RVBD); Preannouncement to Ease Federal Concerns
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Price: $20.99 --0%
Rating Summary:
5 Buy, 27 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
5 Buy, 27 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Barclays maintains an 'Overweight' on Riverbed Technology (NASDAQ: RVBD), PT $40.
Barclays analyst says, "Riverbed pre-announced F1Q sales and EPS above its prior guidance range. We lift our 2011 EPS a penny and leave 2012 intact until next week's earnings call. RVBD reports on 4/19...We tweak our 1Q sales estimate to $164M, slightly above the high end of $163-164M preannouncement. Our 1Q EPS rises a penny to $0.19 vs. preannounced $0.19-0.20, and 2011 EPS to $0.89 (Street $0.85). Our 2012 EPS of $1.12 (Street $1.15) is unchanged until we have further clarity from next week's earnings call."
"Kvaal Call: Healthy revenues and margin leverage should drive the shares higher."
For more ratings news on Riverbed Technology click here and for the rating history of Riverbed Technology click here.
Shares of Riverbed Technology closed at $30.92 yesterday.
Barclays analyst says, "Riverbed pre-announced F1Q sales and EPS above its prior guidance range. We lift our 2011 EPS a penny and leave 2012 intact until next week's earnings call. RVBD reports on 4/19...We tweak our 1Q sales estimate to $164M, slightly above the high end of $163-164M preannouncement. Our 1Q EPS rises a penny to $0.19 vs. preannounced $0.19-0.20, and 2011 EPS to $0.89 (Street $0.85). Our 2012 EPS of $1.12 (Street $1.15) is unchanged until we have further clarity from next week's earnings call."
"Kvaal Call: Healthy revenues and margin leverage should drive the shares higher."
For more ratings news on Riverbed Technology click here and for the rating history of Riverbed Technology click here.
Shares of Riverbed Technology closed at $30.92 yesterday.
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