Wedbush Maintains Outperform Rating, Raises PT on Radware

In a report released earlier today, Wedbush Securities maintained its Outperform rating on Radware Ltd.

, along with raising its price target from $36 to $42. Wedbush went on to say in the report “Given the uncertain global economic backdrop, we expect Q1 results will come in within management's guidance and our estimates. We believe strength in the quarter was driven by healthy demand for the company's core application delivery appliances, its new virtual ADC, and stand-alone security products, which now account for 25% of sales.” Radware Ltd. closed at $37.08 yesterday.