Radware ANNOUNCES Licensing Deal and 3 Stock Analyses Attracting Attention
Buffalo Wild Wings Inc. (NASDAQ:BWLD) posted a disappointing second quarter same-store sales. Sterne Agee reduced its price target on the company, but thinks its revenue growth will remain strong, and forecasts that margins will probably rise in the second half, and keeps its Buy rating.
Apple Inc. (NASDAQ:AAPL) has some catalysts in the near term, says Sterne Agee, which maintains a price target of $780 target and its Buy.
Riverbed Technology, Inc. (NASDAQ:RVBD) posted a beat on the quarter, prompting ThinkEquity to raise its price target. The analyst is encouraged by the increase in the firm’s U.S. federal business, and it predicts that this trend will strengthen through the second half, recommending that investors buy the stock now.
Radware Ltd. (NASDAQ:RDWR) shares should be purchased on any weakness linked to Juniper’s (NYSE:JNPR) and Riverbed’s (NASDAQ:RVBD) tech partnership announcement, says Barclays, which indicated that some investors might have anticipated such a deal, but it has not been factored into its projections and restates its Overweight rating. However, Wedbush sees some risk for Radware after Juniper and Riverbed did report a licensing arrangement, through which Juniper would pay Riverbed to license its Stingray software. This analyst does not understand why Juniper chose to use a second vendor for application delivery controller, given its ongoing relationship with Radware, and lowered its price target for shares from $42 to $38, maintaining its Buy.
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