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.
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Riverbed Technology fell $1.90 (-10.8%) to $15.64 on heavy volume. Throughout the day, 26,121,477 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 2,437,400 shares. The stock ranged in price between $14.50-$15.78 after having opened the day at $14.96 as compared to the previous trading day's close of $17.53. Other companies within the Computer Hardware industry that declined today were:
(
), down 13.6%,
(
), down 6.0%,
(
), down 5.8% and
(
), down 5.8%.
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 $2.8 billion and is part of the technology sector. Shares are down 12.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Riverbed Technology a buy, 1 analyst rates it a sell, and 16 rate it a hold.
TheStreet Ratings rates
Riverbed Technology
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
- You can view the full Riverbed Technology Ratings Report.
On the positive front,
(
), up 11.4%,
(
), up 8.1%,
(
), up 6.7% and
(
), up 5.7% , were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry leader.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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