Radware Ltd. (RDWR) is Reiterated by Needham to Buy, Lowers Price Target to $ 14

Radware Ltd. (RDWR) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 14 from a previous price target of $15 . Needham advised their investors in a research report released on May 4, 2016.

Many Wall Street Analysts have commented on Radware Ltd.. Shares were Reiterated by Imperial Capital on Feb 8, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $18 .

On the company’s financial health, Radware Ltd. reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.07. The company had revenue of $48.40 million for the quarter, compared to analysts expectations of $49.58 million. The company’s revenue was down -15.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Radware Ltd. opened for trading at $10.8 and hit $10.98 on the upside on Monday, eventually ending the session at $10.84, with a gain of 0.37% or 0.04 points. The heightened volatility saw the trading volume jump to 1,41,672 shares. Company has a market cap of $485 M.

Radware Ltd. develops manufactures and sells application delivery and application security solutions to provide end-to-end availability performance and security of business-critical network applications. The Company’s solutions include: Application delivery which includes application delivery controller (ADC) and server load balancing solutions that provide ADC instance per application integrate Web performance optimization (WPO) for application acceleration application performance monitoring (APM) multi homing link load balancing Web application firewall to safeguard applications against cyber-attacks and Defense Messaging signaling to its Attack Mitigation Solutions (AMS) and Application and Network Security solution which consists of security offering for data center applications is focused on attack detection and mitigation in order to maintain service availability and service level even when the application infrastructure is under attack.

Radware Ltd.

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