Fly News Breaks for February 13, 2020
FFIV, AKAM, RDWR
Feb 13, 2020 | 06:30 EDT
Needham analyst Alex Henderson downgraded Radware (RDWR) to Hold from Buy after its below-consensus outlook for Q1 and FY20 due to higher tax rates and accelerated operating expenditures. The analyst believe that the cyber security solution space has become more competitive after F5 (FFIV) acquisitions of of Shape and NGNIX, CloudFlare and Fastly Security offerings and continuing share gains at Akamai (AKAM), though Radware management also the discussed the impact of coronavirus on their China business.
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