Radware (NASDAQ:RDWR) had its price target increased by Maxim Group from $18.00 to $20.00 in a research report sent to investors on Monday morning, Analyst Ratings News reports. The firm currently has a buy rating on the stock.
Shares of Radware (NASDAQ:RDWR) opened at 16.81 on Monday. Radware has a 1-year low of $13.42 and a 1-year high of $19.33. The stock has a 50-day moving average of $15.07 and a 200-day moving average of $14.73. The company has a market cap of $753.6 million and a P/E ratio of 37.78.
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 last year, the company posted $0.45 earnings per share. Radware’s revenue was up 1.1% compared to the same quarter last year.
RDWR has been the subject of a number of other recent research reports. Analysts at Imperial Capital initiated coverage on shares of Radware in a research note to investors on Thursday, November 21st. They set an outperform rating and a $20.00 price target on the stock. Separately, 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. Finally, analysts at Jefferson Research upgraded shares of Radware from a sell rating to a hold rating in a research note to investors on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $20.77.
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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