Radware Upgraded to “Hold” by Jefferson Research (RDWR)
Radware (NASDAQ:RDWR) was upgraded by Jefferson Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, American Banking & Market News reports.
Radware (NASDAQ:RDWR) traded up 1.62% during mid-day trading on Tuesday, hitting $15.01. 291,117 shares of the company’s stock traded hands. Radware has a 52 week low of $13.42 and a 52 week high of $19.33. The stock’s 50-day moving average is $14.59 and its 200-day moving average is $15.45. The company has a market cap of $672.9 million and a P/E ratio of 32.82.
Radware (NASDAQ:RDWR) last announced its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $47.65 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Radware will post $0.66 EPS for the current fiscal year.
Radware Ltd. (NASDAQ:RDWR) develops, manufactures and markets integrated networking solutions that allow its enterprise and carrier customers to deliver their mission critical applications between data centers and remote locations, over all critical points in the network.
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