Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $28.70 and last traded at $28.83, with a volume of 22091 shares traded. The stock had previously closed at $28.25.
Analysts Set New Price Targets
Separately, Jefferies Financial Group dropped their price objective on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, March 31st.
Check Out Our Latest Research Report on Radware
Radware Price Performance
The stock has a market capitalization of $1.21 billion, a P/E ratio of 68.90 and a beta of 0.93. The stock's 50-day simple moving average is $23.79 and its 200 day simple moving average is $22.77.
Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. Radware had a net margin of 4.12% and a return on equity of 5.39%. Radware's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. As a group, analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Radware
Large investors have recently made changes to their positions in the company. Covestor Ltd acquired a new position in Radware in the 4th quarter valued at $28,000. Plato Investment Management Ltd bought a new position in shares of Radware during the fourth quarter worth approximately $30,000. New Age Alpha Advisors LLC acquired a new stake in shares of Radware in the fourth quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new stake in Radware during the fourth quarter worth approximately $59,000. Finally, KLP Kapitalforvaltning AS bought a new position in Radware during the 4th quarter worth $149,000. Institutional investors own 73.12% of the company's stock.
Radware Company Profile
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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
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