Cantor Fitzgerald Downgrades Riverbed Technology (RVBD) to Hold; More Questions Than Answers

Cantor Fitzgerald downgraded Riverbed Technology (NASDAQ: RVBD) from Buy to Hold, price target lowered from $32 to $27.

Analyst, Paul Mansky, said, With more questions than answers coming out of another challenged quarter / guidance, the optimal case has our prior thesis pushed out at least 1-2 quarters. In between, we see continued execution risk above historical levels."

Lowers FY12 EPS estimate from $1.07 to $0.97 and FY13 from $1.33 to $1.22.

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 $27.86 yesterday.

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