Riverbed Technology Inc. (NASDAQ: RVBD) was initiated at Robert W. Baird with a Neutral and $18 target. Baird considers Riverbed the market share leader in WAN Acceleration and expects the company to grow revenues in excess of 240% in 2006. They believe current valuation suggests near-perfect execution going forward.
Piper Jaffray initiated Riverbed with a Market Perform and $18 target citing valuation and additional competition.
Check out Gartner's examination of the currrent state of the market here
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