Oppenheimer Says Buy Radware (RDWR) Ahead of Earnings Results
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Price: $14.87 -0.73%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade RDWR Now!
Oppenheimer reiterated an Outperform rating on Radware (NASDAQ: RDWR) with a price target of $45.00.
"Based on our channel checks, we believe Radware will deliver above-consensus September results. While Europe remains soft (macro weakness, euro summer doldrums), we believe demand in North America continued to improve and along with healthy demand in Asia-Pacific more than offset the softness in Europe," said analyst Ittai Kidron.
He also sees upside to December estimates based the company’s solid pipeline of work.
"We wouldn't be surprised to see estimates revised upward following the results and would buy the stock ahead of the news," said Kidron.
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 $35.04 yesterday, with a 52 week range of $20.54-$40.83.
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"Based on our channel checks, we believe Radware will deliver above-consensus September results. While Europe remains soft (macro weakness, euro summer doldrums), we believe demand in North America continued to improve and along with healthy demand in Asia-Pacific more than offset the softness in Europe," said analyst Ittai Kidron.
He also sees upside to December estimates based the company’s solid pipeline of work.
"We wouldn't be surprised to see estimates revised upward following the results and would buy the stock ahead of the news," said Kidron.
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 $35.04 yesterday, with a 52 week range of $20.54-$40.83.
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