Market Overview

UPDATE: Wedbush Raises PT to $39 on Radware Following In-Line Results and Guidance

Share:
Related RDWR
15 Biggest Mid-Day Gainers For Thursday
Benzinga's Top Upgrades, Downgrades For December 22, 2016

Wedbush reiterated its Outperform rating on Radware (NASDAQ: RDWR) and raised the price target from $38.00 to $39.00.

Wedbush said, "We maintain our OUTPERFORM rating as in-line results and guidance, as well as strength in NA, suggest that the fundamental story remains intact and Radware remains well positioned with partnerships, despite the environment, which continues to impact growth. … Generally in-line guidance a positive given sluggish IT environment and seasonally weak quarter. … OUTPERFORM and increasing PT to $39 based on our 2014 P/E analysis."

Radware closed at $35.32 on Monday.

Latest Ratings for RDWR

DateFirmActionFromTo
Dec 2016JefferiesInitiates Coverage OnBuy
Nov 2016OppenheimerUpgradesPerformOutperform
Feb 2016Imperial CapitalMaintainsOutperform

View More Analyst Ratings for RDWR
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (RDWR)

View Comments and Join the Discussion!