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Cantor Fitzgerald Starts Riverbed Technology (RVBD) at Buy; Still See Upside Despite Recent Recovery

March 6, 2012 5:29 PM EST
Get Alerts RVBD Hot Sheet
Price: $20.99 --0%

Rating Summary:
    5 Buy, 27 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Cantor Fitzgerald initiates coverage on Riverbed Technology (NASDAQ: RVBD) with a Buy. PT $36.00.

Analyst, Paul Mansky, said, "The stock has fully recovered from the lows of January following disappointing March guidance. We believe March has tracked well, but with a month to go it is not yet a foregone conclusion - admittedly leaving the near-term still subject to greater risk than our longer-term view."

"We view the shares as now being at critical fundamental, valuation and technical junctures...we expect re-accelerating revenue and operating margin improvement to drive positive estimate revisions and multiple expansion throughout the year."

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 $28.12 yesterday.


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