UPDATE: Imperial Capital Initiates Coverage on Radware on Positive Growth Momentum

In a report published Thursday, Imperial Capital analyst Michael Kim initiated coverage on Radware Ltd. (NASDAQ: RDWR) with an Outperform rating and $20.00 price target.

In the report, Imperial Capital noted, “We believe RDWR is a top-tier provider of attack mitigation solutions and is particularly recognized for its ability to mitigate distributed denial of service (DDoS) attacks, a rapidly escalating threat that can cause major business disruption. We see expanding opportunities worldwide with data centers, service providers, enterprises, and government agencies. We believe RDWR possesses proven mitigation technologies, with a demonstrated ability to mitigate both volumetric and non-volumetric attacks. We believe RDWR is also strongly positioned to benefit from the increasing sophistication of DDoS attacks. In our view, the company offers an effective layered DDoS defense with its core application delivery controllers, mitigation devices, and cloud security service.”

Radware closed on Wednesday at $16.55.