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Riverbed Technology Inc. (RVBD): Today's Featured Computer Software & Services 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 Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.5%. By the end of trading, Riverbed Technology fell $0.21 (-1.0%) to $20.12 on light volume. Throughout the day, 886,129 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 2,322,500 shares. The stock ranged in price between $20.04-$20.32 after having opened the day at $20.16 as compared to the previous trading day's close of $20.33. Other companies within the Computer Software & Services industry that declined today were: Netsol Technologies ( NTWK), down 9.8%, GlobalSCAPE Incorporated ( GSB), down 7.1%, UBIC Inc ADR ( UBIC), down 5.7% and Marketo ( MKTO), down 5.5%.

Riverbed Technology, Inc. provides solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs) in the United States and internationally. Riverbed Technology has a market cap of $3.2 billion and is part of the technology sector. Shares are up 12.4% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Riverbed Technology a buy, 1 analyst rates it a sell, and 20 rate it a hold.

TheStreet Ratings rates Riverbed Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, Luxoft Holding Inc Class A ( LXFT), up 14.7%, Marin Software ( MRIN), up 10.8%, Insight ( NSIT), up 10.3% and Diebold Incorporated ( DBD), up 9.5% , were all gainers within the computer software & services industry with Salesforce.com ( CRM) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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