Market Overview

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

Related RVBD
Riverbed Speeds Delivery Of Business Applications By 80% For Veolia Water Technologies' 10,000 Employees
Elliot Management Says Cash Offer Of $21/Share For Riverbed Still Stands

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
Jul 2014JefferiesMaintainsHold
Jul 2014Buckingham ResearchInitiates Coverage onNeutral
Jul 2014OppenheimerDowngradesOutperformPerform

View More Analyst Ratings for RVBD
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (RVBD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters