FBR Capital Maintains an 'Outperform' on Riverbed Technology (RVBD); Strength in the Field Continuing to Play Out
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Price: $20.99 --0%
Rating Summary:
5 Buy, 27 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
5 Buy, 27 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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FBR Capital maintains an 'Outperform' on Riverbed Technology (NASDAQ: RVBD), raises PT by $1 to $43.
FBR analyst said, "Our 2Q11 (June) field checks on Riverbed have been strong across geographies and end markets with some healthy linearity trends seen during the course of the quarter—a positive dynamic that gives us increased comfort with our estimates on the heels of strong secular growth trends/solid execution in the field. In particular, we believe the company saw strength from the federal and financials verticals in the quarter, as a combination of a strong product cycle and execution acumen translated into what appears to be a strong June quarter and a vastly growing pipeline that should set the stage for a very healthy 2H11 growth trajectory. To this point, our conversations with partners/customers give us high confidence that deal flow is poised to accelerate for the company over the coming quarters as strong secular growth trends within WAN optimization look ripe to play out and still appear to be in the nascent stages of a major growth cycle as more enterprises are dedicating increased IT budget dollars toward this technology."
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 $38.96 yesterday.
FBR analyst said, "Our 2Q11 (June) field checks on Riverbed have been strong across geographies and end markets with some healthy linearity trends seen during the course of the quarter—a positive dynamic that gives us increased comfort with our estimates on the heels of strong secular growth trends/solid execution in the field. In particular, we believe the company saw strength from the federal and financials verticals in the quarter, as a combination of a strong product cycle and execution acumen translated into what appears to be a strong June quarter and a vastly growing pipeline that should set the stage for a very healthy 2H11 growth trajectory. To this point, our conversations with partners/customers give us high confidence that deal flow is poised to accelerate for the company over the coming quarters as strong secular growth trends within WAN optimization look ripe to play out and still appear to be in the nascent stages of a major growth cycle as more enterprises are dedicating increased IT budget dollars toward this technology."
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 $38.96 yesterday.
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