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Jefferies Downgrades Riverbed Technology (RVBD) to Underperform

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Baird Downgrades Riverbed Technology (RVBD) to Neutral

October 31, 2012 6:55 AM EDT

Baird 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 EDT

Although 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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