Radware (RDWR) Thinks CheckPoint (CHKP) Partnership Will Help Drive Growth

Needham & Company reiterated a Buy rating and $45.00 on Radware (NASDAQ: RDWR) after management at the company highlighted strong fundamentals during a recent meeting.

“Over the course of two days in New York, Radware’s management clearly articulated the growing strategic advantages they believe Radware has in the rapidly emerging triple-digitgrowth vADC market,” said a note put out by analyst Alex Henderson.

During the meeting, Radware pointed out the opportunities for solid accelerating growth in its security business thanks to a partnership with CheckPoint (Nasdaq: CHKP), and the potential the CheckPoint partnership creates to significantly strengthen its reach through CheckPoint’s VAD/VAR channels, not just for security but more importantly, in Henderson’s view, for its vADC products.

Radware also stressed the opportunities emanating from new feature launches of APM and Fast-View modules for its vADC platforms, said the report.

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 $36.02 yesterday.

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