Riverbed Technology News

This week, I will run you through the most important buyback announcements for the week of May 21 - 25, which turned out to be a reasonably active week in terms of buyback activity.

Riverbed Technology also gained on a positive research report. Details on these companies and more in a minute.

Shares of Riverbed Technology are up 80 cents, or 5%, at $16.32 following an initiation of coverage note from Gabelli & Co.'s Hendi Susanto , who writes that the company's revenue growth will rebound as it moves past issues with its sales team and product transition.

Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Riverbed Technology in a research note to investors on Thursday, May 17th.

Riverbed Technology, the performance company, announced new Steelhead models, the Steelhead 150 appliance and Virtual Steelhead 150, as part of its comprehensive wide area network optimization product suite.

I recently wrote a Seeking Alpha article titled " Why I Turned My Back On Jim Cramer ." In the two-week period that I've been posting articles it quickly became the most read, with more than 20,000 views in less than two days.

Riverbed Technology announced today that is was doubling its stock buyback authorization to $300 million.

The single, easiest way to keep track of all the stocks that matter... Your own personalized stock watchlist! It's a 100% FREE Motley Fool service... ) carries $186.6 million of goodwill and other intangibles on its balance sheet.

Gal 3C/06C 95.05 degrees West 18 mhz Lower DL 3811 Vertical FEC 3/4 SR 13.235 DR 18.295411 MOD 4:2:0 DVBS QPSK For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies please visit our Facebook page at: To obtain a hi-resolution photograph of the Market Open, please go to ... (more)

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on May 17th: Canadian Pacific :A Barclays upgraded its rating on this company from Equal Weight to Overweight and changed its price target from $81 to $93. Chesapeake Midstream Partners : Deutsche Bank upgraded its rating on this ... (more)

EMC World brings together IT professionals who are responsible for designing, building, and operating advanced IT environments.

The firm set an "equal weight" rating on the stock. Other equities research analysts have also recently issued reports about the stock.

Shares of Riverbed Technology opened at 16.23 on Wednesday. Riverbed Technology has a one year low of $16.14 and a one year high of $41.83. The company has a market cap of $2.573 billion and a P/E ratio of 47.74. Riverbed Technology last issued its quarterly earnings data on Thursday, April 19th.

Even as Cisco warned that technology spending by companies could be hurt by concerns about Europe, analysts say there is room for optimism.

Page 1 of 5 Riverbed Technology's outright dominance of the WAN optimization space has been an admirable channel success story -- one in which it has outboxed everyone from Cisco to Blue Coat to attain roughly 50 percent market share and made WAN optimization a profitable practice area for partners, which touch 95 percent of its $726 million in ... (more)

Page 1 of 2 Riverbed Technology is looking to shake up how businesses manage and distribute data over WANs with its new Granite technology, which consolidates edge applications, servers and storage to the data center while making data available to remote users as if it were local.

NEW YORK -- I will admit that of late, I have become an unabashed cheerleader of cloud computing companies.

Performance management firm Riverbed Technology has collaborated with VMware to help enterprises to speed up their migration to the cloud, enabling businesses to increase efficiency and improve productivity while reducing costs.

Shares of Riverbed Technology traded down 0.32% during mid-day trading on Friday, hitting $18.98. Riverbed Technology has a one year low of $18.33 and a one year high of $41.83. The company has a market cap of $3.009 billion and a P/E ratio of 56.00. Riverbed Technology last issued its quarterly earnings data on Thursday, April 19th.

Last November's IPO, InvenSense , had lived a charmed life during the roughly six months since its IPO.