Oppenheimer Boosts Numbers on Radware (RDWR) On Strong Solid Start of the Year
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Price: $15.74 -0.51%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RDWR Now!
Oppenheimer raised estimates and its price target on Outperform-rated Radware (NASDAQ: RDWR) from $36 to $40 saying the comapny is off to a strong start for the year.
"Our checks suggest continued solid demand across all key regions including Europe and the US as well as incremental initial carrier wins through the Juniper (Nasdaq: JNPR) OEM relationship, which we believe will show in results in 2H12," the firm notes. "Overall, we believe Radware continues to execute well and we expect its enterprise sales reach to be expanded through additional OEM relationships by mid-year."
The firm raised FY12 EPS from $1.58 to $1.62 and FY13 from $1.81 to $1.85.
For an analyst ratings summary and ratings history on Radware click here. For more ratings news on Radware click here.
Shares of Radware closed at $35.41 yesterday, with a 52 week range of $18.98-$37.31.
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"Our checks suggest continued solid demand across all key regions including Europe and the US as well as incremental initial carrier wins through the Juniper (Nasdaq: JNPR) OEM relationship, which we believe will show in results in 2H12," the firm notes. "Overall, we believe Radware continues to execute well and we expect its enterprise sales reach to be expanded through additional OEM relationships by mid-year."
The firm raised FY12 EPS from $1.58 to $1.62 and FY13 from $1.81 to $1.85.
For an analyst ratings summary and ratings history on Radware click here. For more ratings news on Radware click here.
Shares of Radware closed at $35.41 yesterday, with a 52 week range of $18.98-$37.31.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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