Riverbed Technologies: Anticipating Another Strong Quarter

Riverbed Technologies (RVBD) IPOed about 180 days ago, which means there was a "lock-up" in which insider shares expired on either the 20th or 21st.

I believe this is the main reason for the sell off on heavy volume that has been occurring, brining the stock down to 5-month lows.

Even though most are blaming it on the IPO of BigBand Networks (BBND), BigBand is not a competitor of Riverbed, and next quarter is looking to be very strong. RVBD has already taken a quick snap back after the selling was complete, and I believe this stock will go much higher in anticipation for another strong earnings report.

Disclosure: Author has a long position in RVBD

RVBD 1-yr chart