Riverbed Technology, Inc. (RVBD) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for RVBD, as the stock is down nearly 10% since Jun 30.
This Computer Networks company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
RVBD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Computer Networks Industry include NetScout Systems, Inc. (NTCT), which holds a Zacks Rank #1 (Strong Buy).
Investors interested in the Consumer Staples sector may consider better-ranked stocks like Autodesk, Inc. (ADSK) and Aspen Technology, Inc. (AZPN). Both the stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
RIVERBED TECH INC (RVBD): Free Stock Analysis Report
NETSCOUT SYSTEMS INC (NTCT): Free Stock Analysis Report
AUTODESK INC (ADSK): Free Stock Analysis Report
ASPEN TECH INC (AZPN): Free Stock Analysis Report
Zacks Investment Research