Needham & Company Starts Radware (RDWR) at Buy, Sees 35% Upside
Tweet Send to a FriendGet Alerts RDWR Hot Sheet
Price: $14.89 -0.47%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade RDWR Now!
Needham & Company initiates coverage on Radware (NASDAQ: RDWR) with a Buy with a $45 price target, suggesting 35% upside.
"We have long believed F5 Networks (NASDAQ: FFIV) had established an insurmountable lead in ADC, but now, we think Radware with its Alteon Websystems platforms, has been able to build a competitive leadership position by fully embracing virtualization."
Needham & Company is conservatively forecasting 12.5 percent growth, but sees a potential to 20 percent when the economy regains its footing.
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 $33.53 yesterday, with a 52 week range of $18.98-$40.83.
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
"We have long believed F5 Networks (NASDAQ: FFIV) had established an insurmountable lead in ADC, but now, we think Radware with its Alteon Websystems platforms, has been able to build a competitive leadership position by fully embracing virtualization."
Needham & Company is conservatively forecasting 12.5 percent growth, but sees a potential to 20 percent when the economy regains its footing.
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 $33.53 yesterday, with a 52 week range of $18.98-$40.83.
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
You May Also Be Interested In
- Deutsche Bank Starts Alnylam Pharmaceuticals (ALNY) at Buy
- Topeka Capital Starts CEVA Inc. (CEVA) at Buy
- Topeka Capital Starts RDA Microelectronics (RDA) at Buy
Create E-mail Alert Related Categories
Hot New Coverage, New CoverageRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
