The stock of Radware Ltd. (NASDAQ:RDWR) is a huge mover today! About 352,300 shares traded hands or 95.25% up from the average. Radware Ltd. (NASDAQ:RDWR) has risen 12.39% since March 7, 2016 and is uptrending. It has outperformed by 4.80% the S&P500.
The move comes after 5 months negative chart setup for the $547.98 million company. It was reported on Oct, 10 by Barchart.com. We have $11.66 PT which if reached, will make NASDAQ:RDWR worth $43.84M less.
Analysts await Radware Ltd. (NASDAQ:RDWR) to report earnings on October, 26. They expect $0.03 earnings per share, down 40.00% or $0.02 from last year’s $0.05 per share. RDWR’s profit will be $1.30M for 105.58 P/E if the $0.03 EPS becomes a reality.
Radware Ltd. (NASDAQ:RDWR) Ratings Coverage
Out of 8 analysts covering Radware (NASDAQ:RDWR), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Radware has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Imperial Capital with “Outperform” on Thursday, October 8. The stock has “Buy” rating given by Needham on Wednesday, October 7. Needham maintained the shares of RDWR in a report on Wednesday, July 29 with “Buy” rating. Needham maintained it with “Buy” rating and $15 target price in Thursday, February 4 report. The stock of Radware Ltd. (NASDAQ:RDWR) has “Perform” rating given on Tuesday, October 6 by Oppenheimer. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 29. The rating was maintained by Dougherty & Company on Wednesday, October 7 with “Buy”. Imperial Capital maintained it with “Outperform” rating and $25 target price in Wednesday, July 29 report. RBC Capital Markets maintained Radware Ltd. (NASDAQ:RDWR) on Monday, November 2 with “Sector Perform” rating. The rating was maintained by Imperial Capital with “Outperform” on Monday, February 8.
According to Zacks Investment Research, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE)”
More notable recent Radware Ltd. (NASDAQ:RDWR) news were published by: Streetinsider.com which released: “Needham & Company Remains bullish as Radware Ltd. (RDWR) Reports Preliminary …” on October 10, 2016, also Twst.com with their article: “Radware Ltd.: Radware Reports Results of Annual General Meeting” published on October 07, 2016, Fool.com published: “Why Shares of Radware Ltd. Slumped More Than 20% on Tuesday” on October 06, 2015. More interesting news about Radware Ltd. (NASDAQ:RDWR) were released by: Law360.com and their article: “Radware Says Halo Defeats Rival’s $6.4M Verdict Appeal” published on July 14, 2016 as well as Law360.com‘s news article titled: “Radware Can’t Get Injunction After Patent Trial, Rival Says” with publication date: July 26, 2016.
RDWR Company Profile
Radware Ltd., incorporated on May 16, 1996, is a well-known provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service (DDoS) protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its clients to provide cyber-attack mitigation solutions for a range of applications. The Company’s products and activities are focused on protecting against cyber-attacks and ensuring optimal application service level for enterprises’ and carriers’ data centers. The Company’s solutions include application and network security, and application delivery. By protecting enterprises and carrier applications and data centers against known and emerging network and application threats in real-time, its layered approach is designed to help organizations mitigate attacks that can be detected and offer a security solution and service that combines a complete set of detection and mitigation tools and services from a single vendor.
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