What Will Happen to Radware Ltd. (RDWR) Next? The Stock Formed a Several Months Bullish Double Top Pattern

September 17, 2017 - By Louis Casey

The chart of Radware Ltd. (RDWR) shows a double top with $16.81 target or 3.00 % above today’s $16.32 share price. The 9 months chart pattern indicates low risk for the $722.65 million company. It was reported on Sep, 17 by Finviz.com. If the $16.81 price target is reached, the company will be worth $21.68 million more. Double tops are rare but powerful chart patterns.

The stock decreased 3.26% or $0.55 on September 15, reaching $16.32. About 2.40M shares traded or 939.02% up from the average. Radware Ltd. (NASDAQ:RDWR) has risen 64.61% since September 17, 2016 and is uptrending. It has outperformed by 47.91% the S&P500.

Analysts expect Radware Ltd. (NASDAQ:RDWR) to report $-0.04 EPS on November, 7.They anticipate $0.02 EPS change or 100.00 % from last quarter’s $-0.02 EPS. After having $-0.05 EPS previously, Radware Ltd.’s analysts see -20.00 % EPS growth.

Radware Ltd. (NASDAQ:RDWR) Ratings Coverage

Among 9 analysts covering Radware (NASDAQ:RDWR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Radware had 22 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, November 11, the company rating was upgraded by Oppenheimer. The stock of Radware Ltd. (NASDAQ:RDWR) has “Buy” rating given on Wednesday, October 7 by Needham. RBC Capital Markets downgraded Radware Ltd. (NASDAQ:RDWR) on Wednesday, July 29 to “Sector Perform” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, October 6 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 2 report. The firm has “Buy” rating by Jefferies given on Wednesday, August 2. The firm earned “Buy” rating on Wednesday, July 29 by Needham. The stock of Radware Ltd. (NASDAQ:RDWR) has “Buy” rating given on Tuesday, June 6 by Jefferies. On Tuesday, September 12 the stock rating was maintained by Needham with “Buy”. On Thursday, October 8 the stock rating was maintained by Imperial Capital with “Outperform”.

More recent Radware Ltd. (NASDAQ:RDWR) news were published by: Seekingalpha.com which released: “Radware Acquires Seculert For Machine Learning” on January 31, 2017. Also Nasdaq.com published the news titled: “Implied Volatility Surging for Radware (RDWR) Stock Options” on September 14, 2017. Seekingalpha.com‘s news article titled: “Radware’s (RDWR) CEO Roy Zisapel on Q2 2017 Results – Earnings Call Transcript” with publication date: August 02, 2017 was also an interesting one.

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