UBS Maintains a 'Neutral' on Riverbed Technology (RVBD); Cutting Numbers As 2012 Is Transition Year

UBS maintains a 'Neutral' on Riverbed Technology (NASDAQ: RVBD) price target lowered from $29 to $23.

Analyst, Nikos Theodosopoulos, said, "RVBD reported 1Q with a slight miss on sales, EPS was inline, guide below...New products are growing but are also causing sales force productivity loss...We continue to view 2012 as a transition year."

FY12 EPS estimate cut from $1.03 to $0.93 and FY13 from $1.28 to 1.13.

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 $27.86 yesterday.

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