Barclays Maintains an 'Equalweight' on Riverbed Technology (RVBD); EMEA Snapback Drives Resilient Results

Barclays maintains an 'Equalweight' on Riverbed Technology (NASDAQ: RVBD) price target raised $3 to $25.00.

Barclays analyst says, "EMEA and Government drove a healthy beat - despite our macro concerns: We increase our EPS and price target modestly given a snapback in the EMEA region as well as higher government revenues....Our new 2011/2012 estimates are $0.90/$1.12 from our very low end $0.81/$0.98. 2012 EPS assumes 21% sales growth and about 29% margins."

Kvaal Call: Riverbed looks to have returned to its beat and raise ways and thus
valuation is the prime, though not only, question.

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 $22.52 yesterday.

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