Radware (NASDAQ:RDWR)’s share price reached a new 52-week high and low during trading on Tuesday . The company traded as low as $22.50 and last traded at $22.40, with a volume of 46870 shares trading hands. The stock had previously closed at $22.27.
Several brokerages have recently issued reports on RDWR. BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. ValuEngine upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $26.00 price objective (up previously from $24.50) on shares of Radware in a research note on Wednesday, February 21st. Barclays set a $24.00 price objective on shares of Radware and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Radware presently has an average rating of “Buy” and an average target price of $22.29.
Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million for the quarter, compared to the consensus estimate of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. Radware’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. equities research analysts forecast that Radware will post 0.03 EPS for the current year.
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Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber command and control application.
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