5 mill plus volume and closed positive even though JNPR and FFIV closed -ve.
Looks like RVBD is in accumulation mode. The trading pattern for last few days, seems to indicate accumulation. Either there is a buy out news coming soon, or a positive news about recent merger and its positive effect on earnings might come out!
RVBD will have bumpy ride to get to $19-20 range by end of March.
I agree with Analyst observation. But that is a stupid reason to sell the shares.
When you hire new one, they have strategy in mind. Remember they did not fire the old one. It is just a retirement.
8:32 EST - Sterne Agee finds "too many moving pieces" in Riverbed Technology (RVBD) to keep recommending its stock after CFO Randy Gottfried yesterday disclosed plans to leave the IT provider in wake of its biggest-ever acquisition. The firm still approves of that deal, but cuts RVBD to neutral, citing higher risk from a new CFO's perspective on how much the integration will boost earnings, not to mention oversight of integration itself. RVBD off 3.5% at $15.20 premarket
looks like RVBD is turning itlesf to a buyout candidate.
TheStreet downgrade will help the Hedge funds to load more shares at the expense of retailers.