Radware faces risk from Juniper's deal with Riverbed, says Wedbush

theflyonthewall.com

Wedbush sees some risk for Radware (RDWR) after Juniper (JNPR) and Riverbed (RVBD) announced a licensing deal whereby Juniper would pay Riverbed to license its Stingray software. Wedbush finds it unclear why Juniper chose to use a second vendor for application delivery controller, or ADC, given its existing relationship with Radware. The firm sees potential risk to Radware and lowered its price target for shares to $38 from $42. However, Wedbush keeps a Buy rating on the stock.

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