More on Needham's upgrade of Radware

|About: Radware Ltd. (RDWR)|By:, SA News Editor

Needham cited Radware's (RDWR +4.1%) Alteon-NG product launch, easy comps, and improving visibility in its upgrade of the stock to Buy from Hold with a PT of $21.

The firm also noted that it came away with confidence after conversations with Radware's CEO, US sales head, CFO, and COO post-Cisco that the company is well-positioned going into year-end and 2014.