Imperial Capital Increases Radware Price Target to $22.00 (RDWR)
Research analysts at Imperial Capital hoisted their price objective on shares of Radware (NASDAQ:RDWR) from $20.00 to $22.00 in a report released on Tuesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price indicates a potential upside of 14.46% from the stock’s previous close.
Shares of Radware (NASDAQ:RDWR) traded up 1.32% on Tuesday, hitting $19.22. The stock had a trading volume of 711,727 shares. Radware has a 1-year low of $13.42 and a 1-year high of $19.33. The stock’s 50-day moving average is $17.22 and its 200-day moving average is $15.19. The company has a market cap of $861.7 million and a P/E ratio of 42.16.
Radware (NASDAQ:RDWR) last released its earnings data 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 $0.67 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on RDWR. Analysts at Wells Fargo & Co. upgraded shares of Radware from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Maxim Group raised their price target on shares of Radware from $18.00 to $20.00 in a research note to investors on Monday, November 25th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 18th. They now have a $21.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $21.51.
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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