UPDATE: Barclays Starts Radware (RDWR) at Overweight; Continued Momentum From Fast Growing Market
Tweet
Share
E-mailGet Alerts RDWR Hot Sheet
Price: $29.34 -1.15%
Rating Summary:
6 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
(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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barclays Downgrades Murphy Oil Corp. (MUR) to Underweight
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
- BMO Capital Resumes Snowline Gold Corp (SGD:CN) (SNWGF) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
BarclaysSign 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!
