Barclays analyst Tavy Rosner raised the firm’s price target on Radware (RDWR) to $30 from $23 and keeps an Overweight rating on the shares post the Q3 report. The company’s results were resilient, reflecting a return to double-digit annual revenue growth, the analyst tells investors in a research note. The firm says Radware delivered significant operating margin improvement in the quarter, in line with company guidance. It cites strong execution for the target increase.
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