Why Radware Dropped Like a Rock
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Juniper was previously using Radware's application delivery controller, AppDirector, so news that Juniper is licensing Riverbed's ADC technology is rattling investors. This is especially disconcerting as many had expected Juniper to go with Radware in the deal, according to Barclays analyst Joseph Wolf.
Now what: Radware has jumped in front of the situation and issued a press release confirming that its existing relationship with Juniper "remains intact." Radware and Juniper had previously announced a partnership in October of last year, and that deal is still in place. Radware says its strategy to grow its ADC business is to tap OEMs and distribution channels as opposed to selling or licensing its IP, which is what's happening in Juniper's deal with Riverbed.
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The article Why Radware Dropped Like a Rock originally appeared on Fool.com.Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of Riverbed Technology.Motley Fool newsletter serviceshave recommended buying shares of Riverbed Technology.Motley Fool newsletter serviceshave recommended creating a stock position in Riverbed Technology. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.