Wedbush Maintains a 'Neutral' on Riverbed Technology (RVBD); Boosting Outlook After Surprise Beat and Raise

Wedbush maintains a 'Neutral' on Riverbed Technology (NASDAQ: RVBD) price target of $19.00 (from $17.00).

Analyst, Rohit Chopra, said, "Raising estimates to reflect Q2 beat, solid guide, and Juniper (Nasdaq: JNPR) deal. We raised our 2012 revenue and EPS estimates to $833mn and $0.23 from $813mn and $0.94, respectively. We raised our 2013 revenue and EPS estimates to $960mn and $1.10 from $921mn and $1.05, respectively."

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 $14.55 yesterday.

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