UPDATE: Barclays Starts Radware (RDWR) at Overweight; Continued Momentum From Fast Growing Market
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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!
(Updated - June 25, 2012 1:36 PM EDT)
Barclays initiates coverage on Radware (NASDAQ: RDWR) with an Overweight. PT $45.00.
Analyst, Joseph Wolf, said, "RDWR participates in the fast growing market for application delivery controllers (ADCs) a space that market leader F5 (Nasdaq: FFIV) estimates is growing 20% this year. We believe that RDWR is well positioned to grow at least as fast as the market given its OEM opportunity with Juniper (Nasdaq: JPNR) that could reach 10% of sales in 4Q12, opportunities based on virtualization trends, and growth in its security/attack mitigation business."
Wolf does point out a few risks, saying that the valuation is high on RDWR and JNPR, and he might be a little late on the call considering RDWR shares are up 35% Year-To-Date.
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 $38.30 yesterday, with a 52 week range of $18.98-$40.83.
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Barclays initiates coverage on Radware (NASDAQ: RDWR) with an Overweight. PT $45.00.
Analyst, Joseph Wolf, said, "RDWR participates in the fast growing market for application delivery controllers (ADCs) a space that market leader F5 (Nasdaq: FFIV) estimates is growing 20% this year. We believe that RDWR is well positioned to grow at least as fast as the market given its OEM opportunity with Juniper (Nasdaq: JPNR) that could reach 10% of sales in 4Q12, opportunities based on virtualization trends, and growth in its security/attack mitigation business."
Wolf does point out a few risks, saying that the valuation is high on RDWR and JNPR, and he might be a little late on the call considering RDWR shares are up 35% Year-To-Date.
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 $38.30 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
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