Radware Upgraded to Outperform by Zacks (RDWR)
Radware (NASDAQ:RDWR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a $19.90 target price on the stock. Zacks‘ price objective points to a potential upside of 13.39% from the company’s current price.
RDWR has been the subject of a number of other recent research reports. Analysts at Oppenheimer downgraded shares of Radware from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $16.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.49.
Radware (NASDAQ:RDWR) traded down 4.96% on Wednesday, hitting $16.68. The stock had a trading volume of 537,830 shares. Radware has a 1-year low of $13.42 and a 1-year high of $19.48. The stock has a 50-day moving average of $17.92 and a 200-day moving average of $15.64. The company has a market cap of $747.8 million and a P/E ratio of 39.00.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results 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. On average, analysts predict that Radware will post $0.67 earnings per share 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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