Radware (RDWR): Perfect Stock for Pain-Seeking and/or Long-Term Investors

April 5, 2013 4:29 PM EDT Send to a Friend
Get Alerts RDWR Hot Sheet
Price: $19.72 --0%

Rating Summary:
    10 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 9 | New: 4
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Wedbush today maintained an Outperform on Radware (NASDAQ: RDWR) but lowered its price target of $34.00 (from $41.00). The headline from today's research note read "Thank You, Sir! May I Have Another?" which illustrates analyst Rohit Chopra's frustration with the stock. This morning the company pre-announced disappointing Q1 results. Despite the miss, Wedbush still thinks long-term investors should own the stock.

"While delays in the customer decision-making process have created a temporary pause in the business, we remain confident that the company can deliver growth and capture some of the slipped deals in upcoming quarters. We continue to remain positive about Radware's prospects given the strategic nature of the company's products, growth in the security segment, the Cisco replacement opportunity, and the importance of the datacenter as the IT environment shifts to network-based computing," said Chopra.

For an analyst ratings summary and ratings history on Radware (NASDAQ: RDWR) click here. For more ratings news on Radware click here.

Shares of Radware closed at $37.58 yesterday.

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