Bloomberg News

Radware Jumps on Speculation of New Partnership With Juniper

May 16, 2012

Radware Ltd. (RDWR:US) rallied the most in six months after Oppenheimer & Co. said the company is in advanced negotiations to license its software to Juniper Networks Inc. (JNPR:US)

Shares of Radware, an Israeli developer of security software and cloud-computing technology, jumped 6.8 percent to $39.73 at the close in New York, the most since Oct. 26.

Radware, based in Tel Aviv, may enter into a deal with Juniper to license its ADC engine technology, Ittai Kidron, a New York-based analyst at Oppenheimer, wrote in a May 15 statement. Should the transaction materialize, it could amount to between $70 million and $100 million over the next three to five years, Kidron wrote.

Michael Lordi, a spokesman for Radware, declined to comment on the report in an e-mail to Bloomberg News.

To contact the reporter on this story: Christine Harvey in New York at charvey32@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net


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Companies Mentioned

  • RDWR
    (Radware Ltd)
    • $16.56 USD
    • 0.33
    • 1.99%
  • JNPR
    (Juniper Networks Inc)
    • $23.25 USD
    • 0.04
    • 0.17%
Market data is delayed at least 15 minutes.
 
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