Miller Tabak Upgrades Riverbed Technology (RVBD) to Buy; Pure Play On WAN Acceleration And Data Center Consolidation
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Price: $16.24 -0.85%
Rating Summary:
14 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
14 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RVBD Now!
Miller Tabak upgrades Riverbed Technology (Nasdaq: RVBD) from Hold to Buy. PT increased from $32 to $40.
Miller analyst says, "We made a mistake downgrading Riverbed on valuation in February and we are correcting that mistake by upgrading RVBD back to Buy. Our investment thesis for our entire coverage is predicated on the belief that there are two areas of technology where investors should be heavily over weighted: Data Center Virtualization/Consolidation and Wireless Backhaul. F5 Networks has been our favorite name focused on enterprise data center virtualization and we let that cloud our judgement relative to Riverbed. We should have continued to recommend both stocks. Riverbed is integral to Virtualization and Cloud computing."
To see all the upgrades/downgrades on shares of RVBD, visit our Analyst Ratings page.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).
Miller analyst says, "We made a mistake downgrading Riverbed on valuation in February and we are correcting that mistake by upgrading RVBD back to Buy. Our investment thesis for our entire coverage is predicated on the belief that there are two areas of technology where investors should be heavily over weighted: Data Center Virtualization/Consolidation and Wireless Backhaul. F5 Networks has been our favorite name focused on enterprise data center virtualization and we let that cloud our judgement relative to Riverbed. We should have continued to recommend both stocks. Riverbed is integral to Virtualization and Cloud computing."
To see all the upgrades/downgrades on shares of RVBD, visit our Analyst Ratings page.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).
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