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Enter Symbol:
 
Riverbed Technology, Inc. (RVBD) [hlAlert]

Rating:
Neutral RVBD
up 4.89 %

Riverbed Technology, Inc. (RVBD) downgraded to Neutral with price target $25 by Wedbush Morgan

Posted on: Wednesday,  Feb 3, 2010  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Neutral Riverbed Technology, Inc. (NASDAQ: RVBD) on 02/03/2010. Previously Wedbush Morgan rated Buy Riverbed Technology, Inc. (NASDAQ: RVBD) on
06/08/2009., when the stock price was $10.83. Since then, Riverbed Technology, Inc. has gained 4.89% as of 02/03/2010's recent price of $11.36.
If you would have followed the previous Wedbush Morgan's recommendation on RVBD, you would have gained 4.89% of your investment in 240 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2010 9:25 AM Hold
None
11.36 12.50
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -1.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/8/2009 9:25 AM Buy
None
10.83 12.00
4/24/2009 10:25 AM Buy
None
8.67 8.75
12/29/2008 9:25 AM Hold
None
5.71 6.00
10/2/2008 9:25 AM Buy
None
6.15 7.50
7/25/2008 10:25 AM Buy
None
8.79 10.00
4/4/2008 10:25 AM Hold
None
6.74 7.50
2/6/2008 10:25 AM Hold
None
9.58 13.50
1/16/2008 10:25 AM Hold
None
10.20 14.00
7/27/2007 11:25 AM Hold
None
22.35 20.00

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