Riverbed Technology Rises On Unusually High Volume (RVBD)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Riverbed Technology Incorporated (Nasdaq: RVBD) is trading at unusually high volume Friday with 15 million shares changing hands. It is currently at four times its average daily volume and trading up $2.41 (+11.7%) at $23.10 as of 3:20 p.m. ET.

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Riverbed Technology has a market cap of $3.28 billion and is part of the technology sector and computer hardware industry. Shares are down 12% year to date as of the close of trading on Thursday.

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 56, above the average computer hardware industry P/E ratio of 54.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Riverbed Technology as a buy. 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 expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Riverbed Technology Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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