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Riverbed Technology, Inc. Message Board

  • msroesser msroesser Apr 6, 2011 8:26 AM Flag

    FBR note about RVBD...

    LIVE IN PLAY
    06-Apr-11 07:12 ET RVBD Riverbed Technology: Strong secular trends in place for 2011 - FBR Capital Markets (34.29 ) FBR's field checks on RVBD have been good and seem to indicate an in-line/seasonally normal March quarter with a strong pipeline for June/2H11. While vertically speaking it believes Riverbed had a very strong quarter on the financial front, FBR picked up weakness on the federal segment for the co (and its peers) that could limit some of the upside in the March quarter in our opinion. To this point, firm is not overly concerned about the anticipated federal weakness in the quarter as we believe management properly factored conservatism into its guidance for the March quarter given some of the clear headwinds on this segment.

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    • Doesn't really matter since wiped out 10% of market cap in one day last week, and won't recover that for a while. Long at 37.

    • FBR Capital maintains an 'Outperform' on Riverbed Technology (NASDAQ: RVBD), PT $42. FBR analyst says, "Our field checks on Riverbed have been good and seem to indicate an in-line/seasonally normal March quarter with a strong pipeline for June/2H11. As we have witnessed in the past, March quarters tend to be a tougher time for Riverbed (as well as many of its technology brethren) to close business coming off a strong yearend, a dynamic that we believe played out in the field over the last few weeks. While vertically speaking we believe Riverbed had a very strong quarter on the financial front, we picked up weakness on the federal segment for the company (and its peers) that could limit some of the upside in the March quarter in our opinion. To this point, we are not overly concerned about the anticipated federal weakness in the quarter as we believe management properly factored conservatism into its guidance for the March quarter given some of the clear headwinds on this segment. While 1Q looks to have come together generally as expected, we continue to hear of a surging pipeline of business activity heading into 2H11." For more ratings news on Riverbed Technology click here and for the rating history of Riverbed Technology click here. Shares of Riverbed Technology closed at $34.29 yesterday, with a 52 week range of $25.13-$61.07.
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RVBD
21.000.00(0.00%)Apr 23 3:59 PMEDT