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.
COPYRIGHT VIOLATION WARNING: This piece was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.themarketsdaily.com/2017/11/15/riverbed-technology-inc-rvbd-bonds-drop-3-1-during-trading.html.
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.
Receive News & Ratings for Riverbed Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverbed Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.