Riverbed Technology Incorporated (RVBD): Today's Featured Computer Hardware Winner
Riverbed Technology Incorporated
(
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.7%. By the end of trading, Riverbed Technology Incorporated rose 27 cents (1.1%) to $23.90 on light volume. Throughout the day, 1.6 million shares of Riverbed Technology Incorporated exchanged hands as compared to its average daily volume of 4.6 million shares. The stock ranged in a price between $23.56-$24.23 after having opened the day at $23.61 as compared to the previous trading day's close of $23.63. Other companies within the Computer Hardware industry that increased today were:
(
), up 5.3%,
(
), up 4.5%,
(
), up 3.9%, and
Brocade Communications Systems Inc
(
), up 3%.
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 Incorporated has a market cap of $3.95 billion and is part of the
sector. The company has a P/E ratio of 69.5, below the average computer hardware industry P/E ratio of 72.8 and above the S&P 500 P/E ratio of 17.7. Shares are down 32.8% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Riverbed Technology as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Riverbed Technology Ratings Report.
On the negative front,
(
), down 5.4%,
(
), down 4.7%,
(
), down 3.6%, and
(
), down 3.6%, were all losers within the computer hardware industry with
(
) being today's computer hardware industry loser.
- 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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