Radware (RDWR) PT Raised to $21 at Needham & Company

Needham & Company raised its price target on Radware (NASDAQ: RDWR) to $21.00 (from $19.00) while maintaining a Buy rating following solid growth in the quarter and solid guidance.

"After weak results and guidance at F5 and A10, the Radware results demonstrated the strength of their Security momentum as they came in slightly ahead and guided slightly ahead even as they transition the model," analyst Alex Henderson said. "Shekel pressures and success based Selling costs are expected to be up in 2H trimming EPS but the demand side and business model progress is unmistakably better."

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