Market Overview

UPDATE: Deutsche Bank Downgrades Riverbed Technology to Sell on Lowered FY14 Estimates


In a report published Tuesday, Deutsche Bank analyst Brian Modoff downgraded the rating on Riverbed Technology (NASDAQ: RVBD) from Hold to Sell, and lowered the price target from $14.00 to $11.00.

In the report, Deutsche Bank noted, “We are downgrading RVBD from Hold to Sell; lowering our FY14 est and PT from $14 to $11. Basis for our underweight thesis is our research noting a diminishing value perception for 'premium-priced' WAN Opt (designed for an era of congested links and complex client/server apps). Today's ‘browser based' apps running on IP/Ethernet offer a cost-competitive alternative to features found in +$10K WAN Opt systems. Riverbed lacks a compelling nextphase growth story in our view (we note muted prospects for Opnet, Granite). We see negative risk/reward at current levels: stock trading at mid-teens consensus rev growth expectation for a directionally slowing core business.”

Riverbed Technology closed on Monday at $16.54.

Latest Ratings for RVBD

Dec 2014MaintainsNeutral
Oct 2014MaintainsHold
Oct 2014MaintainsHold

View More Analyst Ratings for RVBD
View the Latest Analyst Ratings

Posted-In: Brian Modoff Deutsche BankAnalyst Color Downgrades Analyst Ratings


Related Articles (RVBD)

View Comments and Join the Discussion!

Latest Ratings

PLCEB. Riley FBRDowngrades59.0
ASPUCanaccord GenuityMaintains11.0
AAPLEvercore ISI GroupMaintains305.0
THTXMackie ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: J.P. Morgan Initiates Laclede Group with Overweight on Underestimated Earnings Growth Potential

UPDATE: D.A. Davidson Downgrades Sims Metal to Neutral Ahead of 2H'13 Earnings Report