FBR Capital Starts Riverbed Technology (RVBD) at Market Perform
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FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target.
The firm said, said, "Although Riverbed is the clear technological leader in the space, in our opinion, and claims to own a dominating ~90% win rate versus its competitors, we believe the battle for market share is heating up in the field; coupled with the difficult spending environment, this could limit near-term growth prospects on the name."
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