Analysts Conflictied on These Technology Names: Radware Ltd (NASDAQ: RDWR), Tableau (NYSE: DATA) and Cavium Inc (NASDAQ: CAVM)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Radware Ltd (NASDAQ: RDWR), Tableau (NYSE: DATA) and Cavium Inc (NASDAQ: CAVM).

Radware Ltd (NASDAQ: RDWR)

Radware Ltd (NASDAQ: RDWR) received a Hold rating and a $13 price target from D.A. Davidson analyst Mark Kelleher today. The company’s shares closed yesterday at $12.33.

According to TipRanks.com, Kelleher is a 4-star analyst with an average return of 2.7% and a 53.2% success rate. Kelleher covers the Technology sector, focusing on stocks such as Super Micro Computer, Limelight Networks, and Barracuda Networks.

Currently, the analyst consensus on Radware Ltd is Moderate Buy and the average price target is $13.50, representing a 9.5% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
Tableau (NYSE: DATA)

In a report released today, Brian White from Drexel Hamilton downgraded Tableau (NYSE: DATA) to Hold. The company’s shares closed yesterday at $49.51.

According to TipRanks.com, White is a top 100 analyst with an average return of 8.8% and a 58.7% success rate. White covers the Technology sector, focusing on stocks such as Juniper Networks, Amphenol Corp., and Cisco Systems.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $63.70, representing a 28.7% upside.

In a report released today, William Blair also downgraded the stock to Hold.
Cavium Inc (NASDAQ: CAVM)

In a report released today, Quinn Bolton from Needham reiterated a Buy rating on Cavium Inc (NASDAQ: CAVM), with a price target of $66. The company’s shares closed yesterday at $56.63.

Bolton noted:

“CAVM posted its second consecutive beat and raise quarter with strength in the core business driving upside. QLogic revenue was also ahead of expectations. Both new products and core Nitrox and Octeon products tracked nicely during 3Q and are expected to drive the core business into 4Q. Importantly, we see four (ThunderX, Xpliant, Fusion M and LiquidIO 2) of the company’s five New Products growing Q/Q into 4Q16. With increased confidence in the core business and the successful ramp of New Products, we believe the recent string of disappointing quarters is behind us.”

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 17.2% and a 69.7% success rate. Bolton covers the Technology sector, focusing on stocks such as Sequans Communications S A, Integrated Device Tech, and Ikanos Communications.

Currently, the analyst consensus on Cavium Inc is Moderate Buy and the average price target is $61.50, representing an 8.6% upside.

In a report issued on October 31, Roth Capital also reiterated a Buy rating on the stock with a $65 price target.