BofA is reiterating a Neutral on Riverbed (RVBD) ahead of next Thursday's Q4 report, albeit...

|About: Riverbed Technology, Inc. (RVBD)|By:, SA News Editor

BofA is reiterating a Neutral on Riverbed (RVBD) ahead of next Thursday's Q4 report, albeit while lifting its PT to $31. The firm is concerned about Riverbed's strong dependence on government sales, which it expects will decline in the coming quarters following a 57% increase over the first 3 quarters of 2011. BofA believes government strength has been masking "lackluster trends" in other verticals. (earlier)