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Riverbed Technology, Inc. (RVBD) [hlAlert]

Rating:
Buy RVBD
down 11.24 %

Riverbed Technology, Inc. (RVBD) rated Buy with price target $28 by WallachBeth

Posted on: Friday,  Oct 19, 2012  8:25 AM ET by WallachBeth

WallachBeth rated Buy Riverbed Technology, Inc. (NASDAQ: RVBD) on 10/19/2012, when the stock price was $23.57. Since
then, Riverbed Technology, Inc. has lost 11.24% as of 04/24/2016's recent price of $20.92.
If you would have followed this WallachBeth's recommendation on RVBD, you would have lost 11.24% of your investment in 1283 days.

Riverbed Technology, Inc. (Riverbed) has developed a solution to the fundamental problems of wide-area distributed computing. The Company’s Steelhead appliances enable its customers to improve the performance of their applications and access to their data across wide area networks (WANs), increasing transmission speeds by 5 to 50 times and in some cases by up to 100 times. Riverbed sells its products and support directly through its sales force and indirectly through distribution partners, including value-added resellers. Riverbed's wide-area data services solution consists of the Riverbed Optimization System (RiOS), the Company's software that is embedded on a general-purpose, hardware-computing platform to form its Steelhead appliances. In August 2007, the Company launched Steelhead Mobile, a software product that incorporates RiOS.

WallachBeth
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 8:25 AM Buy
None
23.57 28.00
as of 12/31/2012
1 Week up  1.33 %
1 Month up  10.16 %
3 Months down  -16.33 %
1 YTD down  -16.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 8:25 AM Buy
None
23.57 28.00

(*) Stock Price at the time of the recommendation.
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