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Jefferies & Company Reiterates Underperform Rating, $16.25 PT on Riverbed Technology

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In a report published Friday, Jefferies & Company reiterated its Underperform rating and $16.25 price target on Riverbed Technology (NASDAQ: RVBD).

Jefferies noted, “We're updating our estimates in light of the closure of Riverbed's acquisition of OPNET. As we've written previously, the deal reinforces our lingering concerns that the WAN Optimization market is maturing – an ongoing structural negative for Riverbed. We believe the risk/reward in the shares is negative and are maintaining our Underperform rating.”

Riverbed Technology closed on Thursday at $19.99.

Latest Ratings for RVBD

DateFirmActionFromTo
Dec 2014NomuraMaintainsNeutral
Oct 2014Deutsche BankMaintainsHold
Oct 2014WunderlichMaintainsHold

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