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Radware (NASDAQ:RDWR) was downgraded by investment analysts at Oppenheimer to a “market perform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

Shares of Radware (NASDAQ:RDWR) opened at 17.55 on Wednesday. Radware has a one year low of $13.42 and a one year high of $19.48. The stock’s 50-day moving average is $17.92 and its 200-day moving average is $15.64. The company has a market cap of $786.8 million and a P/E ratio of 39.20.

Radware (NASDAQ:RDWR) last released its earnings data on Monday, January 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $53.03 million for the quarter, compared to the consensus estimate of $51.61 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Radware will post $0.67 EPS for the current fiscal year.

RDWR has been the subject of a number of other recent research reports. Analysts at Maxim Group raised their price target on shares of Radware from $20.00 to $22.00 in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Radware from $20.00 to $22.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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.

The Fly On The Wall

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