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Barclays Sticks to Its Buy Rating for Radware (RDWR)

Tipranks - Tipranks - Fri Feb 20, 5:56AM CST

In a report released today, Tavy Rosner from Barclays maintained a Buy rating on Radware, with a price target of $35.00.

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Rosner covers the Technology sector, focusing on stocks such as Tower, Amdocs, and Sapiens. According to TipRanks, Rosner has an average return of 10.1% and a 54.90% success rate on recommended stocks.

In addition to Barclays, Radware also received a Buy from TipRanks – xAI’s xAi Software – Infrastructure in a report issued on February 13. However, yesterday, Needham maintained a Hold rating on Radware (NASDAQ: RDWR).

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Based on Radware’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $80.25 million and a net profit of $6.04 million. In comparison, last year the company earned a revenue of $73.03 million and had a net profit of $2.45 million

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