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Strength Seen in Riverbed Technology (RVBD): Stock Surges 16.1%

Zacks Equity Research

Riverbed Technology, Inc. (RVBD) was a big mover last session, as the company saw its shares rise by over 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the most recent uptrend for the company, as the stock is now up 22.2% in the past one month time frame.

The company has seen 5 positive revisions in the past few weeks and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Riverbed Technology. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Riverbed Technology currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing computer network stocks include TIBCO Software Inc. (TIBX), Digi International Inc. (DGII) and QLogic Corp. (QLGC). While TIBCO Software holds a Zacks Rank #1 (Strong Buy), Digi International and QLogic carry a Zacks Rank #2 (Buy).

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