Just getting home and looking over the general market.
A couple of good speculative posts on the reason for RVBDs rise. CSCO earnings most likely have a slight influence .CSCO has been pulling itself out of the mud and I hear that some are expecting good results for CSCO. Will that be a good thing for the entire sector or will it indicate that they are gaining some new ground? Time will tell.
RVBD has been so washed out that I think once it gained its footing , people are interested in it again . Of course, that means we attracted the usual momo players and flippers ------
Interesting note : Market is under huge selling pressure and RVBD has managed to keep above 34 (so far).
I agree that RVBD has risen sympathetic to CSCO, and will do well if it has improved guidance tonight.
I think that the Microsoft/Skype deal fuels speculation of future tech buy-outs (they tend to happen in waves), and Riverbed has always been perceived by some as a possible target, however I personally like it better alone. Also this collaboration with Akamai could be quite fruitful, and that could be driving some speculative investment now.
CSCO reports after the bell, what better time to announce a buyout of RVBD, EMC a possibility with strong RVBD sales ties. Both have the cash & means to make it happen, has to be an elephant to swallow RVBD, won't come cheap!