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Shares of Radware (NASDAQ:RDWR) were the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 376,732 shares, a drop of 51.7% from the July 15th total of 780,220 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 214,677 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the stock are sold short.

A number of analysts have recently weighed in on RDWR shares. Analysts at Dougherty & Co initiated coverage on shares of Radware in a research note on Thursday, July 10th. They set a “buy” rating and a $21.00 price target on the stock. Analysts at Buckingham Research initiated coverage on shares of Radware in a research note on Thursday, June 19th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.67.

Shares of Radware (NASDAQ:RDWR) opened at 16.73 on Friday. Radware has a 52-week low of $13.50 and a 52-week high of $19.48. The stock’s 50-day moving average is $16.46 and its 200-day moving average is $16.85. The company has a market cap of $754.1 million and a P/E ratio of 46.11.

Radware (NASDAQ:RDWR) last released its earnings data on Thursday, July 24th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $53.06 million for the quarter, compared to the consensus estimate of $52.75 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Radware will post $0.78 earnings per share for the current fiscal year.

Radware Ltd., develops, manufactures and markets integrated networking solutions. The Company’s solutions include both Application Delivery and Network Security solutions.

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