This stock is grossly oversold as indicated by massive volume...rebound rally is about to kick in and we should see a very sharp and pronounced bounce. RVBD saw sequential YoY sales growth of more than 32% from 2010 to 2011. The company had Q1 EARNINGS of $.20 per share which met expectations. Revenues missed projections by less than 2% in the current quarter and they guided revs 2% below consensus for next quarter. The company has no debt and tons of cash and a product roadmap of very well-perceived "Killer Apps" that is a 1 or 2 high priority in terms of need and demand from their customers on a worldwide basis. This stock is off some 28% in a day losing more than $1.2 Billion in market value...which is totally and utterly absurd. Riverbed is extremely well-positioned for accelerated growth, #1 in market share, armed with a rich product portfolio of best-in-breed "must have" technology. I agree with the analyst who came out today and said the selloff is way overblown and that investors would be well advised to buy aggressively at anything under $25 per share. This same analyst has a price target of $32 on the shares of RVBD which I feel is extremely conservative. Though it would still provide 60% upside from today's oversold price levels if it just gets back to $32. A phenomenal "Entry Point" for sure!
unbelievable how people mimmik sheep, you'd think we lost the farm, good god it was 2 cents and 2% revised quidance, once they start to follow they must not look up to see where there going. Has this really warranted this much.