Piper Jaffray Upgrades Riverbed Technology (RVBD) to Overweight
More News related to RVBD
- Riverbed Named PilotHouse Award Top Provider for WAN Optimization by Nemertes Research
- Stena Drills Down to Reduce Bandwidth and IT Infrastructure Costs With Riverbed Steelhead Appliances
- Riverbed (RVBD) Not Interested In Being Acquired Right Now
- Riverbed Technology to Present at Upcoming Financial Conferences
- Riverbed Unveils Product Direction for Accelerating Cloud Environments for Enterprises and Government
Piper Jaffray upgrades Riverbed Technology (Nasdaq: RVBD) from Neutral to Overweight. Price target $24.
Piper analyst says, "We believe the sell-off in RVBD shares following what should have been viewed as a very solid Q3 earnings announcement was unwarranted and has created an attractive entry point for growth focused investors. The concerns regarding enterprise weakness was likely overblown as we believe RVBD prioritized on the near-term opportunities in the Government vertical during Q3, but the pipeline in the enterprise vertical remains robust and will likely bounce back materially in Q4. We also believe the Government vertical will remain strong in Q4 given large deals in this space typically roll out over multiple quarters...We believe Riverbed's Q4 revenue guidance of $104-$107M is relatively conservative and sets the stage for a potential beat and raise in the future. This guidance reflects 1.4 - 4.3% q/q growth and is well below historical Q4 growth rates."
To see more analyst ratings on RVBD Click Here.
Riverbed Technology, Inc. provides solutions to the fundamental problems of wide-area distributed computing in the United States and internationally.
Related Categories
UpgradesStocks Mentioned
-0.85Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
