Radware: Solid Cloud and Recurring Momentum but Awaiting North America Traction and KPIs – Hold Maintained

Needham analyst Ryan Koontz has maintained their neutral stance on RDWR stock, giving a Hold rating on January 28.

Ryan Koontz has given his Hold rating due to a combination of factors, including Radware’s better‑than‑expected quarterly performance and solid momentum in recurring and cloud revenues, particularly in EMEA and the Americas. He also notes that recent capital allocation moves, such as the acquisition of an API security firm and share repurchases, support a more constructive view on the company’s strategic positioning.

At the same time, his stance reflects a desire to see clearer evidence of sustained traction in North America and further acceleration in cloud ARR before turning more positive. Koontz is also waiting for additional data and key performance indicators expected at the upcoming Investor Day to validate prospects for a broader re‑acceleration in revenue and the durability of new growth drivers, which together justify maintaining a neutral Hold recommendation for now.

In another report released on January 28, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $27.00 price target.