What’s Next for Radware Ltd. (RDWR) After Reaching 52-Week High?

April 17, 2018 - By Ellis Scott

Radware Ltd. (NASDAQ:RDWR) Logo

The stock of Radware Ltd. (NASDAQ:RDWR) hit a new 52-week high and has $24.27 target or 8.00 % above today’s $22.47 share price. The 6 months bullish chart indicates low risk for the $1.00B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $24.27 price target is reached, the company will be worth $80.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.90% or $0.201 during the last trading session, reaching $22.471. About 31,039 shares traded. Radware Ltd. (NASDAQ:RDWR) has risen 33.27% since April 17, 2017 and is uptrending. It has outperformed by 21.72% the S&P500.

Analysts await Radware Ltd. (NASDAQ:RDWR) to report earnings on April, 24. They expect $-0.02 EPS, up 60.00 % or $0.03 from last year’s $-0.05 per share. After $0.02 actual EPS reported by Radware Ltd. for the previous quarter, Wall Street now forecasts -200.00 % negative EPS growth.

Radware Ltd. (NASDAQ:RDWR) Ratings Coverage

Among 4 analysts covering Radware Ltd (NASDAQ:RDWR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Radware Ltd had 6 analyst reports since November 2, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Thursday, November 2. Jefferies maintained Radware Ltd. (NASDAQ:RDWR) rating on Wednesday, February 7. Jefferies has “Buy” rating and $25.0 target. The company was maintained on Wednesday, February 7 by Needham. Needham maintained it with “Buy” rating and $26.0 target in Wednesday, February 21 report. Imperial Capital maintained the shares of RDWR in report on Tuesday, February 6 with “In-Line” rating.

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 has market cap of $1.00 billion. The firm 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. It currently has negative earnings. It also provides cloud emergency response team, attack mitigation, and firewall services; and subscription security update and RSA fraud action feed.

Radware Ltd. (NASDAQ:RDWR) Ratings Chart

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