Riverbed Technology Incorporated (RVBD): Today's Featured Computer Hardware Laggard

Riverbed Technology Incorporated ( RVBD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Riverbed Technology Incorporated fell 20 cents (-1%) to $19.66 on light volume. Throughout the day, 1.8 million shares of Riverbed Technology Incorporated exchanged hands as compared to its average daily volume of 4.4 million shares. The stock ranged in price between $19.49-$20.12 after having opened the day at $19.80 as compared to the previous trading day's close of $19.86. Other companies within the Computer Hardware industry that declined today were: Digital Generation ( DGIT), down 16.8%, Dataram Corporation ( DRAM), down 10.4%, Acorn Energy ( ACFN), down 9.5%, and Emulex Corporation ( ELX), down 8.9%.

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. Riverbed Technology Incorporated has a market cap of $3.03 billion and is part of the technology sector. The company has a P/E ratio of 51.7, above the average computer hardware industry P/E ratio of 50.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Riverbed Technology Incorporated a buy, no analysts rate it a sell, and 20 rate it a hold.

TheStreet Ratings rates Riverbed Technology Incorporated as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the positive front, Hutchinson Technology ( HTCH), up 14.4%, Xata Corporation ( XATA), up 6.7%, Quantum Corporation ( QTM), up 5.9%, and Seagate Technology ( STX), up 4.3%, were all gainers within the computer hardware industry with Hewlett-Packard ( HPQ) being today's featured computer hardware industry leader.

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 ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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