Wunderlich Securities Maintains Buy, $35 Target on Riverbed Technology

Wunderlich Securities reiterates its Buy rating and $35 target price on Riverbed Technology

as the company reported better than expected 4Q, offsetting cost variances related to shortages from Thai floods. Wunderlich Securities says, "Acquired product lines performed. Slowing of core product sales growth attributed to weak execution outside EMEA and U.S. Surprisingly weak near-term guidance anticipates extension of sales cycles with new product introductions this quarter. We expect execution on a larger market opportunity further in the future. Estimates trimmed near term, but our price target and Buy rating are unchanged." RVBD closed at $29.92 a share on Thursday.