Needham analyst Ryan Koontz has maintained their neutral stance on RDWR stock, giving a Hold rating on April 29.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Ryan Koontz has given his Hold rating due to a combination of factors including Radware’s recent performance and future outlook. The company reported a strong first quarter, surpassing revenue and earnings per share expectations, and provided guidance for the second quarter that also exceeded consensus estimates. This positive performance was driven by strong results in the EMEA and APAC regions, while the North American go-to-market strategy is still being reconstructed.
Despite these positive developments, Koontz remains cautious and maintains a Hold rating, as he awaits a consistent trend of revenue acceleration. Although there is confidence in management’s ability to drive growth, particularly with the ongoing demand for DDoS protection, Koontz prefers to see sustained improvement in revenue before considering a more favorable rating.
In another report released on April 29, Jefferies also maintained a Hold rating on the stock with a $24.00 price target.