Posts for Ticker ‘RVBD’

Top 10 Analyst Upgrades, Downgrades, Initiations (BHP, DFG, FITB, GNTX, HRB, INTU, POT, RTP, RVBD, STI)

These are this Monday’s top ten analyst calls from Wall Street for upgrades, downgrades, and initiations:

BHP Billiton (NYSE: BHP) Started as Neutral at HSBC.
Delphi Financial (NYSE: DFG) Started as Outperform at KBW.
Fifth Third Bancorp (NASDAQ: FITB) Cut to Sell from Neutral at Rochdale.
Gentex (NASDAQ: GNTX) Raised to Outperform at Wells Fargo.
H&R Block (NYSE: HRB) Cut to Underweight at Morgan Stanley.
Intuit (NASDAQ: INTU) Started as Overweight at Barclays.
Potash Corp. of Saskatchewan (NYSE: POT) Started as Buy at Genuity.
Rio Tinto plc (NYSE: RTP) Started as Neutral at HSBC.
Riverbed Technology (NASDAQ: RVBD) Raised to Overweight at Piper Jaffray.
SunTrust Banks, Inc. (NYSE: STI) Cut to Sell from Neutral at Rochdale.

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JON C. OGG
OCTOBER 26, 2009

Top 10 Analyst Upgrades and Downgrades (ADTN, ADS, BA, LFC, DB, EMC, FCX, FSYS, WFR, RVBD)

These are the top ten analyst calls of upgrades, downgrades, and initiations we have seen from Wall Street early this Wednesday morning with more than two hours until the market opens:

  • ADTRAN (ADTN) Started as Buy at Auriga.
  • Alliance Data (ADS) Cut to Neutral at JPMorgan.
  • Boeing (BA) Cut to Underperform at Oppenheimer.
  • China Life Insurance Co. Ltd. (LFC) Cut to Neutral at Goldman Sachs.
  • Deutsche Bank (DB) Raised to Hold from Sell at Citigroup.
  • EMC Corp. (EMC) Raised to Overweight at Barclays.
  • Freeport-McMoRan Copper & Gold Inc. (FCX) Raised to Outperform at FBR.
  • Fuel Systems Solutions (FSYS) Raised to Buy at Janney Montgomery Scott.
  • MEMC (WFR) Cut to Underweight at JPMorgan.
  • Riverbed Technology (RVBD) Started as Market Perform at FBR.

Jon C. Ogg
June 24, 2009

Top Analyst Upgrades (ARRS, ASH, FCS, GME, ONNN, RTN, RVBD, VOD)

These are the top pre-market analyst upgrades or positive calls from Wall Street which we have seen early this Wednesday morning:

Arris (ARRS) Started as Overweight at Thomas Weisel.
Ashland (ASH) Raised to Overweight at JPMorgan.
Fairchild Semi (FCS) Raised to Buy at UBS.
GameStop (GME) Started as Buy at Needham.
ON Semiconductor (ONNN) Raised to Buy at UBS.
Raytheon (RTN) Started as Outperform at Morgan Keegan.
Riverbed Technology (RVBD) Started as Overweight at Thomas Weisel.
Vodafone (VOD) Raised to Buy at Goldman Sachs.

JON C. OGG

Top Pre-Market Analyst Upgrades (EE, LRY, NEM, RSYS, RVBD, RYAAY, STAR, UPS)

Money_stack_picThese are some of the top analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning:

  • El Paso Electric (EE) Raised to Hold at Jefferies.
  • Liberty Property (LRY) Raised to Hold at Citigroup.
  • Newmont Mining (NEM) Raised to Buy at UBS.
  • Radisys (RSYS) Raised to Buy at Cantor Fotzgerald.
  • Riverbed Tech (RVBD) Raised to Buy at Merriman Curhan.
  • Ryanair (RYAAY) Raised to Hold at Deutsche Bank.
  • Starent (STAR) Started as Buy at Cantor Fitzgerald.
  • UPS (UPS) Raised to Outperform at Morgan Keegan.

Jon C. Ogg
February 4, 2009

Top Pre-Market Analyst Upgrades (ARCC, BNI, MOT, PALM, RVBD, WEN)

Money_stack_picThese are some of the top Pre-Market analyst upgrades on Wall Street this Tuesday morning:

  • Ares Capital (ARCC) Raised to Neutral at JPMorgan.
  • Burlington Northern (BNI) Raised to Neutral from Sell at Goldman Sachs.
  • Motorola (MOT) Raised to Conviction Buy List at Goldman Sachs.
  • Palm (PALM) Raised to Neutral from Sell at Goldman Sachs.
  • Riverbed Tech (RVBD) Raised to Neutral from Sell at Goldman Sachs.
  • Wendy’s/Arby’s (WEN) Raised to Overweight at Morgan Stanley.

Jon C. Ogg
January 20, 2009

Goldman Sachs Changes To Conviction List (RIMM, CSCO, RVBD)

Goldman_sachs_logoThis morning, Goldman Sachs has made two key technology changes to its Conviction Buy List.  Research-in-Motion (NASDAQ: RIMM) was added to the praised list, and its price target is $68.00.  Cisco Systems (NASDAQ: CSCO) was removed from the Conviction Buy List.  RIMM is up over 1% pre-market, while Cisco is down over 1% before the open. 

Riverbed Tech (NASDAQ: RVBD) removed from the Conviction Sell List, yet there is no reaction in RVBD shares.

Jon C. Ogg
November 19, 2008

Early Bird Technology Analyst Upgrades & Downgrades (ARUN, PMCS, RVBD, ALTR, CTRP, PMTC, SNWL, XLNX)

These are some of the key analyst upgrades and downgrades from Wall Street that we have seen so far this morning in technology stocks:

  • Aruba Networks (ARUN) Raised to Neutral from Sell at Goldman Sachs.
  • PMC-Sierra (PMCS) Raised to Buy at Goldman Sachs.
  • Riverbed Tech (RVBD) Raised to Neutral at UBS.
  • Altera (ALTR) Cut to Sell at Goldman Sachs.
  • Ctrip.com (CTRP) Cut target to $45 from $62 at Goldman Sachs.
  • Parametric Tech (PMTC) Cut to Neutral at Piper Jaffray.
  • SonicWALL (SNWL) Cut to Neutral at Baird.
  • Xilinx (XLNX) Cut to Neutral at Goldman Sachs.

Jon C. Ogg
October 29, 2008

Monday’s Key Technology Analyst Upgrades (ARBA, JNPR, NFLX, RVBD, SNDK, NT)

Some of the analyst upgrades in technology are just a reversal of an extreme negative bias to a cautious or neutral tone, but as you will see below there are a few standout calls.  There is also one call which an analyst should be ashamed of….  here are the tech research calls:

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Top Pre-Market Analyst Upgrades (BSX, CCMP, DAL, ESV, HBI, JNPR, NE, RVBD, TER, VIA)

These are some of the top analyst Upgrades and positive calls we are seeing early this Friday morning:

  • Boston Scientific (BSX) Started as Outperform at Piper Jaffray.
  • Cabot Micro (CCMP) Raised to Outperform at JPMorgan.
  • Delta Airlines (DAL) Raised to Buy at Merrill Lynch.
  • Ensco (ESV) Raised to Buy at Jefferies.
  • Hanesbrands (HBI) started as Outperform at Morgan Keegan.
  • Juniper Networks (JNPR) Raised to Outperform at FBR; Raised to Buy at Citigroup.
  • Noble (NE) Raised to Buy at Jefferies.
  • Riverbed Tech (RVBD) Raised to Outperform at Baird.
  • Teradyne (TER) Raised to Overweight at Lehman.
  • Viacom (VIA) Raised to Buy at Goldman Sachs.

Jon C. Ogg
July 25, 2008

The 52-Week Low Club (EVVV)(GLS)(RVBD)

4 Kids Entertainment Inc. (NYSE: KDE) not looking so hot, hitting new low of $8.97 today. The 52-week range is $9.33 to $19.90.  Shares bottomed at  $8.94

ev3, Inc. (NASDAQ: EVVV) decreased its quarter outlook today, hitting a new all-time low of $7.32. The medical device maker has a 52-week range of $7.36 to $21.54. Shares bottomed at $7.32

Genesis Lease Limited (NYSE: GLS) down to a new low of $13.39 today. This aircraft leasing company isn’t flying so high. The 52-week range is $13.91 to $28.61. Shares bottomed at $13.39

Lincare Holdings Inc. (NASDAQ: LNCR) down on with the rest on no new developments. Shares hit a new low of $27.03. The 52-week range is $27.31 to $40.91. Shares bottomed at $27.

Riverbed Technology, Inc. (NASDAQ: RVBD) hit a new low today on no news. This wide-area distributed computing solution provider needs to look for better solutions. Shares closed down by $12.33 on a 52-week range of $12.71 to $52.81.

Salary.com (NASDAQ: SLRY) also feeling the market woes. With so many losing jobs, no wonder a people aren’t buying compensation software.  The company hit a new low of $5.27 on a 52-week range of $5.35 to $16.32. Shares closed down at $5.35.

Douglas A. McIntyre

The 52-Week Low Club (FHN)(DMAN)(MESA)(RVBD)

First Horizon Natl (FHN) Analyst cuts regional bank stocks. Down to $13.67. from 52-week high of $41.46.

Demandtec (DMAN) Issues poor outlook for the year. Sells off to $6.65 from 52-week high of $20.55.

Mesa Air Group (MESA) Airlines sell off on high fuel costs. Drops to $1.35 from 52-week high of $8.02.

Riverbed Technology (RVBD) Poor Q1 outlook. Down to $12.71 from 52-week high of $52.81.

Douglas A. McIntyre

The 52-Week Low Club (SGP)(PAY)(DEEP)

Superior Offshore (DEEP) Company warns of liquidity problems. Down to $1.20 from 52-week high of $19.58.

Medarex (MEDX) Pfizer ends joint drug trial. Sells off to $7.44 from 52-week high of $18.23.

Crocs (CROX) Downgrade by JP Morgan. Falls to $15.53 from 52-week high of $75.21.

Riverbed Technology (RVBD) No big, bad news. Stock down to $13.62 from 52-week high of $52.81.

Verifone (PAY) CFO is out after restatement. Shares drop to $12.65 from 52-week high of $50.

Schering-Plough (SGP) Fitch downgrades after negative comment on key drug product. Falls to $13.91 from 52-week high of $33.81.

Douglas A. McIntyre

The 52-Week Low Club (AMGN, AU, BGP, HB, IP, JBL, MOT, HOOK, RVBD, SLRY)

This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market.  Despite the huge rally today that was led by the financials, there were plenty of shares that hit the wall of shame on the 52-week low list.  Not all of these closed under their 52-week lows, but the list was far larger than one would guess for the way the market acted today.

  • Amgen (NASDAQ: AMGN) just keeps going and going.  This broke under $40.00 today as life gets uglier and uglier for anemia drugs. Got back above $40.00 late in the day so it doesn’t look like a low close.
  • Anglogold Ashanti (NYSE: AU) bit the dust with gold prices lower again.  Under $31.00 late in the day; prior range $31.88 to $51.35.
  • Borders Group (NYSE: BGP) bit the dust.  Shares fell sharply after its earnings report.  It’s killing the dividend and "reviewing strategic alternatives." Down 35% late in day at $4.56; prior range $6.90 to $24.15.
  • Hillenbrand (NYSE: HB) hit the list too, although this is sellers unloading before it breaks itself into two at the end of the month.  This is likely just sellers getting out ahead of what they think may be an uncertain event.  Shares down close to $48.00 late in day; prior range $48.40 to $69.45.
  • International Paper (NYSE: IP) is now down to under $27.00. Wasn’t this just at $40.00 a few months ago?  Cyclical business, down 2% late at $26.87; prior range $27.44 to $41.57.
  • Jabil Circuits (NYSE: JBL) looked pretty bad today down almost 6% to $11.51 late in day with prior range $12.02 to $26.18.  Trailing P/E still high.
  • Motorola (NYSE: MOT) wouldn’t be fair to leave off the list… again.. shares traded under $9.00.  Carl Icahn has to be furious that he stayed here.  The good news is that croaker-granola got back above prior $9.12 low to $9.20 at 3:30 PM EST.
  • Redhook Ale (NASDAQ: HOOK) fell over 10% and $5.00 is getting farther and farther away with shares at $4.35 late in day; prior low was $4.55… Maybe we should have some Redhook ale this long weekend to help[ them out.
  • Riverbed Tech (NASDAQ: RVBD) traded down to under $15.00 today before recovering.  Shares were at $15.20 late in the day and the prior 52-week trading range was $15.16 to $52.81.
  • Salary.com (NASDAQ: SLRY) is one we should have stuck with on our short-sell call in "10 Stocks Under $10" as it came back down.  Shares down to $6.32 late in day with prior 52-week trading range of $6.37 to $16.32.

Next week is a full week, and you know there will be more 52-week lows being put in regardless of what the market does.  Stay tuned!

Jon C. Ogg
March 20, 2008

Many Major Tech, Media, Telecom Hitting New 52-Week Lows

With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down over 35 points.  We have been commenting about the recession for some time now and this is going from the good to the bad to the fugly.  Of course financials, REIT’s, retail, and other classic sectors had more than their fair share of 52-week lows.  But Telecom, Media, and Tech reached these critical 52-week lows and these are looking horrible. 

The markets are hostage to the ratings agencies now.  Here is what happens when you look at "VALUE INVESTING" in technology:

Alliance Data (ADS), Answers (ANSW), ATMI Inc. (ATMI), BigBand Networks (BBND), British Sky ADR’s (BSY), CA inc. (CA), CBS Corp. (CBS), Century Tel (CTL), Cincinatti Bell (CBB)…

Cisco Systems (CSCO) is a new entrant, this was surprising but those teen prices were in 2006.

Cogent (COGT), Cohu Inc. (COHU), Computer Science (CSC), Compuware (CPWR), DireTV (DTV),
Echostar (DISH).. unsure because of reorg…, Emulex (ELX), Epicor Software (EPIC), General Electric (GE), Getty Images (GYI), Gluu Mobile (GLUU), Hungarian Telecom (HTC), Internet Capital Group (ICGE), Interactive Intelligence (ININ), J2 Global (JCOM), ML Internet HOLDRs (HHH), ML Telecom HOLDRs (TTH), PlanetOut (LGBT), Liberty Media (LINTA), Loral Space (LORL), Live Nation (LYV), Sourcefire (FIRE), Flextronics (FLEX), Monster Worldwide (MNST)….

Motorola (MOT), Martha Stewart (MSO), Mattson Tech (MTSN), Network Appliance (NTAP), Orbitz Worldwide (OWW), Plantronics (PLT), Powershares Dynamic Media (PBS), Qwest Communications (Q), RCN Corp. (RCNI), RF Micro Devices (RFMD), Riverbed Tech (RVBD), Savvis (SVVS), Sprint Nextel (S), SiRF Tech (SIRF), Stamps.com (STMP), Time Warner (TWX), Trimble Navigation (TRMB), Veeco Inst. (VECO), Vishay (VSH), Voltera Semiconductor (VLTR), Xinhua Finance Media (XFML) ,

Yahoo! (YHOO) ouch.

This is almost enough to make many people cry.  The VIX is trading at 27.34 and is up 2.96 points but we aren’t even at 30 yet meaning that massive critical oversold and true panic levels haven’t yet been reached.

Jon C. Ogg
January 17, 2008

Cramer’s Oversold Tech Value Stock (RVBD)

On tonight’s MAD MONEY on CNBC, Jim Cramer did come out with an oversold pick with value in the technology sector, although he’s still talking about protecting capital and being defensive for capital preservation.

  • Riverbed Technology, Inc. (NASDAQ: RVBD) is one he now likes and he’s been on it before. It has a wide area network optimization product to allow corporate networks run better and save money.  In October it was crushed when it had an in-line quarter. He thinks it has washed itself out and is discounting the worst on an oversold basis.  The estimates are so low that he thinks the company can beat earnings.  He thinks it is undervalued based on its coming growth versus its multiple with a new product.  Its market is still performing well despite a slowing economy.  He does say it can still go down. He noted a "down $3, up $10 or $15" scenario that he seems more than comfortable with.

Cramer said this is a vicious overreaction to the downside on Intel. Last night on MAD MONEY Cramer also came out and said he was evaluating EMC as his oversold and overlooked tech pick.  He also said he was bullish on Intel and other key tech stocks after their sell-offs and we gave hat full list of names he gave in tech-land to make previews for the other tech stocks he would make predictions in this week.  Here is a consolidated list of his 2007 calls that are still pertinent to his strategies in 2008.

RVBD shares fell some 8% today to $21.16, and shares are down 0.7% in after-hours trading at $21.00.  The 52-week trading band is (actually was) $21.63 to $52.81.

Jon C. Ogg
January 15, 2008

Top 10 Pre-Market Analyst Calls (AEM, NILE, BP, GLDN, PCZ, MXIM, NMX, OXY, QELP, BRCD, WDC, STX, ELX, RVBD)

These are not the only analyst and research notes out there affecting stocks the morning, but below are the top research calls that 24/7 Wall St. is focusing on in pre-market trading this Wednesday:

  • Agnico-Eagle Mines (AEM) raised to Buy at Merrill Lynch.
  • Blue Nile (NILE) raised to Buy from Hold at Citigroup.
  • BP plc (BP) downgraded to Neutral from Overweight at J.P.Morgan.
  • Golden Telecom (GLDN) downgraded to Neutral from Overweight at J.P.Morgan.
  • Maxim Integrated (MXIM) raised to Buy from Hold at Citigroup.
  • NYMEX Holdings (NMX) raised to Buy from Hold at Deutsche Bank.
  • Occidental Petroleum (OXY) raised to Overweight at Morgan Stanley.
  • Quest Energy Partners (QELP) off quiet period: started in coverage as Outperform at FBR, as Outperform at RBC Capital Markets and as Outperform at Wachovia.
  • Petro-Canada (PCZ) downgraded to Underweight at Morgan Stanley.
  • BANC OF AMERICA neutral on many tech names: Brocade (BRCD), Seagate (STX) & Western Digital (WDC) both started as Neutral.  Riverbed Tech (RVBD) started as Neutral. Emulex (ELX) started as BUY.

Jon C. Ogg
December 19, 2007