Noble Financial Upgrades Riverbed Technology (RVBD) to 'Buy', Citing Current Stock Level and Expected Continuation of Execution

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Noble Financial upgraded Riverbed Technology (NASDAQ: RVBD) to Buy. PT $44.

Noble analyst raises Q2 EPS estimate from $0.20 to $0.21, raises FY11 EPS from $0.82 to $0.86 (revenue from $724.5 mln to $727.6 mln) and expects FY12 at $1.12 and $903.4 mln)

For more ratings news on Riverbed Technology click here and for the rating history of Riverbed Technology click here.

Shares of Riverbed Technology closed at $33.43 yesterday, with a 52 week range of $25.13-$61.07.

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