Riverbed Technology, Inc. (RVBD) Bonds Drop 3.1% During Trading

An issue of Riverbed Technology, Inc. (NASDAQ:RVBD) debt fell 3.1% as a percentage of its face value during trading on Tuesday. The high-yield debt issue has a 8.875% coupon and will mature on March 1, 2023. The bonds in the issue are now trading at $92.88. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

Shares of Riverbed Technology, Inc. (RVBD) opened at $20.99 on Wednesday. Riverbed Technology, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $21.00.

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Riverbed Technology Company Profile

Riverbed Technology, Inc (Riverbed) is a provider of application performance infrastructure. The Company offers a platform to deliver, control and optimize IT resources across the hybrid enterprise. The Riverbed Application Performance Platform delivers application performance infrastructure solutions with a focus on two areas, which include application acceleration and performance management.

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