Riverbed Technology's (NASDAQ:RVBD) End Markets, Incremental Leverage Will Be 2011 Catalysts

Citing underpenetrated end markets, incremental leverage and product cycle, Canaccord Genuity sees them as the key catalysts for Riverbed Technology (NASDAQ:RVBD) in 2011.

Canaccord says, "Consistent with our 'barbell thesis' on the group in 2011, we believe RVBD’s product cycle, relatively under-penetrated end markets, share gains and incremental leverage opportunity will be key catalysts for the stock over the coming quarters...Consistent with our view the company continues to deliver incremental leverage, our December EPS estimate goes to $0.18 (in line) from $0.17 while our CY11 and CY12 estimates of $0.79 ($0.77 consensus) and $0.97 ($0.96 consensus) are up from $0.76 and $0.92, respectively."

Canaccord Genuity reiterates a "Buy" rating on Riverbed Technology, which closed Friday at $39.44, losing $0.28, or 0.70 percent. Canaccord raised their price target on Riverbed from $30 to $42.