Riverbed Technology Inc. (RVBD): Today's Featured Computer Hardware Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Riverbed Technology (RVBD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Riverbed Technology fell $0.72 (-4.3%) to $15.82 on heavy volume. Throughout the day, 5,887,194 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 3,066,100 shares. The stock ranged in price between $15.60-$16.25 after having opened the day at $15.80 as compared to the previous trading day's close of $16.54. Other companies within the Computer Hardware industry that declined today were: China TechFaith Wireless Comm Tech (CNTF), down 13.5%, Dataram Corporation (DRAM), down 4.0%, Echelon Corporation (ELON), down 3.1% and Identive Group (INVE), down 3.0%.
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