Riverbed Technology, Inc. (RVBD) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for RVBD as the stock is now up nearly 4% in the past one-month time frame.
Riverbed Technology has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings 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 #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Computer Networks industry include Emulex Corporation (ELX), Allot Communications Ltd. (ALLT) and Ixia (XXIA). While Emulex carry a Zacks Rank #1 (Strong Buy), Allot Communications and Ixia holds a Zacks Rank #2 (Buy).
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