Earnings Estimates Moving Higher for Riverbed Technology (RVBD): Time to Buy?

Zacks

Riverbed Technology, Inc. (RVBD), a provider of Information Technology solutions, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RVBD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Facebook could be a solid choice for investors.

Current Quarter Estimates for RVBD

In the past 30 days, 4 estimates have gone higher for Riverbed Technology while none has moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 10 cents a share 30 days ago, to 13 cents today, a move of 30.0%.

Current Year Estimates for RVBD

Meanwhile, Riverbed Technology’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 62 cents per share 30 days ago to 72 cents per share today, an increase of 16.1%.   

Bottom Line

The stock has also started to move higher lately, adding 10.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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