Imperial Capital Raises Price Target On Radware Following 4Q14 Results

In a report published Thursday, Imperial Capital analyst Michael Kim reiterated an Outperform rating on Radware Ltd. (NASDAQ: RDWR), and raised the price target from $24.00 to $25.00.

In the report, Imperial Capital noted, “We are maintaining our Outperform rating and raising our one-year price target to $25 from $24 based on comparative valuation. Our valuation implies about 27% appreciation potential above recent levels. While our near-term outlook is partially tempered by mixed international performance and growth investments, we anticipate continued strong growth driven by increasing demand for the company's security solutions. We see particular opportunities for broadening deployments of application security and data center protection solutions, with potential upside from new cloud security services (e.g., managed attack mitigation, web application firewall).”

Radware closed on Wednesday at $19.72.