Riverbed Technology Stock Gaps Up On Today's Open (RVBD)

NEW YORK ( TheStreet) -- Shares of Riverbed Technology Incorporated (Nasdaq: RVBD) were gapping up Wednesday morning with an open price 26.3% higher than Tuesday's closing price. The stock closed at $14.55 Tuesday and opened today's trading at $18.37.

The average volume for Riverbed Technology has been 4.2 million shares per day over the past 30 days. Riverbed Technology has a market cap of $2.42 billion and is part of the technology sector and computer hardware industry. Shares are down 38.1% year to date as of the close of trading on Tuesday.

Riverbed Technology, Inc. provides solutions to the fundamental problems associated with information technology performance across wide area networks (WANs) in the United States and internationally. The company has a P/E ratio of 43.1, below the average computer hardware industry P/E ratio of 43.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Riverbed Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. You can view the full Riverbed Technology Ratings Report.

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