Riverbed Rises 5%; Competitors Lag

Shares of cloud computing and networking company Riverbed Technology RVBD are having a strong showing on Monday, rising 5.12% to $21.72. The stock has been hit extremely hard in 2011, losing around 38% in just the last 3 months and almost 39% year to date. Riverbed shares trade at a trailing P/E of 68, a forward multiple of 19 and a PEG ratio of 0.77. The median Wall Street price target on the stock is $35.00 with a high target of $48.00. Riverbed (RVBD) is a standout in its industry today, as other widely watched networking stocks are only moderately higher or negative. Shares of Juniper Networks JNPR, for example, have lost 1.32% to $18.70. Cisco CSCO is up 0.45% and Acme Packet APKT is down 0.49%. Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs). Riverbed's products include solutions for branch offices, mobile workers, private data centers, private clouds and cloud computing.