Riverbed Technology (NASDAQ:RVBD): According to Wunderlich, Cisco (NASDAQ:CSCO)
decided to continue its efforts to compete with the core business of
Riverbed via its announcement of a wide area network optimization as a
module on the integrated services router product. The firm indicates
that the Cisco announcement specifies pricing at 35 percent lower than
the current market level. Wunderlich reiterates its Buy rating and
lowered its price target to $19 from $23 on the stock.
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