Merger and Acquisition #3: Riverbed Technology
The third potential take-over target for the cash-rich technology giants according to Bloomberg BusinessWeek is the San Francisco, CA based Riverbed Technology(Nasdaq:RVBD). Riverbed Technology provides solution for cloud computing which is a hot topic where investors are chasing after today. The company's solution attracts technology giant such as HP and Cisco.
Shares of Riverbed Technology have almost tripled for the past 52 weeks, rising from $10 to almost $30 recently. Net income has been rising for the past four quarters while revenue is also up for the past three quarters. The technical trend of the stock still looks really really bullish.
Shares of Riverbed Technology have almost tripled for the past 52 weeks, rising from $10 to almost $30 recently. Net income has been rising for the past four quarters while revenue is also up for the past three quarters. The technical trend of the stock still looks really really bullish.
posted by Stock Geek at
8:36 AM
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