Jefferies Downgrades Riverbed Technology (RVBD) to Underperform
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Baird Downgrades Riverbed Technology (RVBD) to Neutral
October 31, 2012 6:55 AM EDTBaird downgraded Riverbed Technology (NASDAQ: RVBD) from Outperform to Neutral with a price target of $24.00 (from $28.00) following Monday's deal to acquire Opnet.
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Riverbed (RVBD) Buys OPNET Technologies (OPNT) for $1B in Cash and Stock
October 29, 2012 3:33 PM EDTAlthough markets are closed, Riverbed Technology (NASDAQ: RVBD) announced an agreement Monday morning to acquire OPNET Technologies, Inc. (NASDAQ: OPNT) for $43 per share in cash and stock, representing an equity value of $1 billion and an enterprise value of $921 million.
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