Riverbed Technology (RVBD) Bond Prices Fall 6.3%
An issue of Riverbed Technology, Inc. (NASDAQ:RVBD) bonds fell 6.3% against their face value during trading on Wednesday. The high-yield issue of debt has a 8.875% coupon and is set to mature on March 1, 2023. The bonds in the issue are now trading at $85.00 and were trading at $91.75 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.
Shares of RVBD traded down $0.01 during trading hours on Wednesday, hitting $20.99. Riverbed Technology, Inc. has a 1 year low of $16.71 and a 1 year high of $21.00.
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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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