Market Overview

UPDATE: Lake Street Capital Initiates Riverbed Technology at Buy on Compelling Risk/Reward

Related RVBD
Elliot Management Says Cash Offer Of $21/Share For Riverbed Still Stands
Riverbed Misses 2Q Views; Offers Outlook Above Consensus

Lake Street Capital initiated coverage on Riverbed Technology (NASDAQ: RVBD) with a Buy rating and a $20.00 price target.

Lake Street Capital commented, "We expect Riverbed's future earnings will reward those with the fortitude to buy now, during the current period of uncertainty. While our $20 target points to meaningful upside, we believe the stock could nearly double if current overhangs such as OPNET integration and European and federal macro resolve favorably. Conversely, if our projections prove optimistic, we feel the stock has limited downside given the company's 12,000-customer installed base and strong free cash flow."

Riverbed Technology closed at $15.84 on Friday.

Latest Ratings for RVBD

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

View More Analyst Ratings for RVBD
View the Latest Analyst Ratings

Posted-In: Lake Street CapitalAnalyst Color Initiation Analyst Ratings


Related Articles (RVBD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters