|March 6, 2014|
|08:55 EDT||RDWR, RDWR, RDWR, RDWR||Radware management to meet with Imperial Capital|
Meetings to be held in Chicago on March 6 and in Milwaukee on March 7 hosted by Imperial Capital.
News For RDWR From The Last 14 Days
|October 7, 2015|
|10:01 EDT||RDWR||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: AllianceBernstein (AB) downgraded to Neutral from Buy at BofA/Merrill... Baidu (BIDU) downgraded to Underperform from Hold at Daiwa... Brinker (EAT) downgraded to Negative from Mixed at OTR Global... CBIZ (CBZ), Inc. downgraded to Equal-Weight from Overweight at First Analysis... First Majestic (AG) downgraded to Hold from Buy at Desjardins... Marks & Spencer (MAKSY) downgraded to Neutral from Overweight at JPMorgan... Nu Skin (NUS) downgraded on negative preannouncement, China headwinds at Stifel... Old Dominion (ODFL) downgraded to Neutral from Buy at Citi... PMC-Sierra (PMCS) downgraded to Hold from Buy at Craig-Hallum... Parkway Properties (PKY) downgraded to Market Perform from Outperform at Wells Fargo... Phillips 66 (PSX) downgraded to Hold from Buy at Deutsche Bank... Potash (POT) downgraded to Hold from Buy at HSBC... Radware (RDWR) downgraded to Neutral on execution issues at Buckingham... Sensata (ST) downgraded to Neutral from Buy at Citi... Tenaris (TS) downgraded to Underperform from Neutral at Credit Suisse... Tesla (TSLA) downgraded at Baird on Model X timing uncertainty.
|08:21 EDT||RDWR||Radware downgraded to Neutral on execution issues at Buckingham|
Buckingham downgraded Radware to Neutral and lowered its price target to $13 from $24. Analyst Rohit Chopra downgraded shares following the company's negative Q3 preannouncment. Chopra remains concerned about about execution issues and the company's ability to reaccelerate growth near-term.
|October 6, 2015|
|13:26 EDT||RDWR||Radware plunges after negative Q3 pre-announcement|
Shares of cybersecurity and application delivery solutions company Radware (RDWR) are plunging after the company announced preliminary third quarter results that were below previous guidance. WHAT'S NEW: On Monday evening, Radware announced preliminary adjusted earnings per share of 10c, well below its guidance of 23c-24c and analysts' consensus estimates of 24c. Radware also reported preliminary Q3 revenue of $48M, below its prior view of $57M-$59M and analysts' consensus estimates of $57.95M. WHAT'S NOTABLE. On the company's conference call discussing the preliminary results, the company noted that the mix between supporting and subscription sales to product sales was weighted much heavier than usual towards subscription and service contracts. As these sales are recognized over the life of the contract, the company recognized revenue of only $48M for the quarter. The weakness in the quarter came primarily from the U.S. carrier and service provider markets, said Roy Zisapel, the company's chief executive officer. The company noted that several large deals that were expected to be booked at the end of the quarter did not materialize. The company subsequently booked one of those deals and expects to book many of the remaining deals. On the call, the company said it continues to face weakness in China and FX headwinds in Brazil and Russia that impacted revenue. ANALYST TAKE: In a note to investors this morning, Oppenheimer analyst Ittai Kidron downgraded shares of Radware to Perform from Outperform, removing its $23 price target and cutting estimates for 2015 and 2016. The analyst, who put the note out before the conference call, said it suspects "the miss is tied to execution issues related to the inherently lumpy service provider business." Wells Fargo also downgraded Radware to Market Perform from Outperform. PRICE ACTION: Shares of Radware are sliding 21.59% to $13.58 in afternoon trading. OTHERS TO WATCH: Shares of other companies involved in cybersecurity are underperforming the broader market with FireEye (FEYE) down 2.95%, Palo Alto Networks (PANW) sliding 2.39%, Check Point (CHKP) lower by 3.48% and Imperva (IMPV) down 1.85%.
|12:29 EDT||RDWR||Radware downgraded to Market Perform from Outperform at Wells Fargo|
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|10:00 EDT||RDWR||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Cloud Peak (CLD) downgraded to Equal Weight from Overweight at Morgan Stanley... Comerica (CMA) downgraded to Neutral from Overweight at JPMorgan... Concho Resources (CXO) downgraded to Neutral from Buy at SunTrust... Cummins (CMI) downgraded to Market Perform from Outperform at BMO Capital... Exact Sciences (EXAS) downgraded to Hold from Buy at Benchmark... Heartland Payment (HPY) downgraded to Market Perform at Keefe Bruyette... Illumina (ILMN) downgraded to Neutral from Buy at BTIG... KT Corporation (KT) downgraded to Neutral from Buy at Goldman... LINN Energy (LINE) downgraded on elevated leverage, distribution cut worries at Stifel... LinnCo (LNCO) downgraded to Hold from Buy at Stifel... Peabody (BTU) downgraded to Equal Weight from Overweight at Morgan Stanley... Radware (RDWR) downgraded on preannouncement, execution challenges at Oppenheimer... Southern Copper (SCCO) downgraded to Underperform on relative valuation at BofA/Merrill... Telecom Italia (TI) downgraded to Underweight from Equal Weight at Barclays... Teledyne (TDY) downgraded to Hold from Buy at Needham... Vantiv (VNTV) downgraded to Market Perform from Outperform at Keefe Bruyette.
|07:47 EDT||RDWR||Radware downgraded on preannouncement, execution challenges at Oppenheimer|
As noted earlier, Oppenheimer downgraded Radware to Perform from Outperform. The firm downgraded the stock following the company's negative Q3 preannouncement. Oppenheimer thinks that the miss was related to execution issues involving Radware's "inherently lumpy" service provider business. It believes that the company has "major execution issues."
|07:35 EDT||RDWR||Radware downgraded to Perform from Outperform at Oppenheimer|
|October 5, 2015|
|17:02 EDT||RDWR||Radware lowers Q3 adjusted EPS view to 10c from 23c-24c, consensus 24c|
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|17:01 EDT||RDWR||Radware lowers Q3 outlook|
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