Northland Securities Upgrades Riverbed Technology (RVBD) to Outperform, Sees Favorable Response to OPNET Acquisition

November 20, 2012 7:04 AM EST
Get Alerts RVBD Hot Sheet
Price: $20.99 --0%

Rating Summary:
    8 Buy, 33 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 13
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Northland Securities upgraded Riverbed Technology (NASDAQ: RVBD) from Market Perform to Outperform with a price target of $23.00.

The firm comments, The shares have traded off since the company's announcement to acquire OPNET. Our recent checks with VARs and CIOs suggest a favorable response to the acquisition and we are encouraged by the close ties to the Cascade business with OPNET. We believe long term that this is a good strategic fit for Riverbed."

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 $17.23 yesterday.

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