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.

Riverbed Technology ( RVBD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Riverbed Technology fell $0.72 (-4.3%) to $15.82 on heavy volume. Throughout the day, 5,887,194 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 3,066,100 shares. The stock ranged in price between $15.60-$16.25 after having opened the day at $15.80 as compared to the previous trading day's close of $16.54. Other companies within the Computer Hardware industry that declined today were: China TechFaith Wireless Comm Tech ( CNTF), down 13.5%, Dataram Corporation ( DRAM), down 4.0%, Echelon Corporation ( ELON), down 3.1% and Identive Group ( INVE), down 3.0%.

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 $2.7 billion and is part of the technology sector. Shares are down 15.7% year to date as of the close of trading on Monday. Currently there are 9 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. 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.

On the positive front, Mad Catz Interactive ( MCZ), up 18.5%, Acorn Energy ( ACFN), up 12.9%, Performance Technologies ( PTIX), up 7.9% and Xyratex ( XRTX), up 6.7% , were all gainers within the computer hardware industry with Seagate Technology ( STX) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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