Goldman Sachs Resumes Riverbed Technology (RVBD) at Neutral

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Goldman Sachs resumes coverage on Riverbed Technology (NASDAQ: RVBD) with a Neutral rating and $20 price target after Riverbed acquired Opnet.

After including Opnet in estimates, the firm raise 4Q12/FY13/FY14E non- GAAP revenue to $243/$1167/$1308 mn from $235/$954/$1059 mn and our non-GAAP EPS to $0.29/$1.15/$1.33 from $0.29/$1.12/$1.25.

For an analyst ratings summary and ratings history on Riverbed Technology click here. For more ratings news on Riverbed Technology click here.

Shares of Riverbed Technology closed at $19.88 yesterday, with a 52 week range of $13.30-$30.73.

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