UPDATE: Sterne Agee Downgrades Riverbed Technology to Neutral on Risk From CFO Resignation

Sterne Agee downgraded Riverbed Technology

from Buy to Neutral. Sterne Agee noted, "With the announcement of the CFO's resignation, effective April 29, there are simply too many moving pieces with the story as the company digests its single largest acquisition on record with OPNET. We remain constructive on the longer-term assumed synergies with the deal but it will likely take two to three quarters to regain investor confidence." Riverbed Technology closed at $15.75 on Wednesday.