Oppenheimer Reaffirms Outperform Rating on Radware (RDWR)

By admin | 6 years ago

Radware (NASDAQ: RDWR)‘s stock had its “outperform” rating reaffirmed by Oppenheimer (NYSE: OPY) in a research note issued on Wednesday.

A number of other firms have also recently commented on RDWR. Analysts at Maxim Group raised their price target on shares of Radware from $40.00 to $44.00 in a research note to investors on Wednesday, May 2nd. They now have a “buy” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Radware from $36.00 to $42.00 in a research note to investors on Wednesday, April 4th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Radware from $40.00 to $45.00 in a research note to investors on Tuesday, March 27th. They now have an “outperform” rating on the stock.

Radware opened at 39.73 on Wednesday. Radware has a 1-year low of $18.98 and a 1-year high of $40.83. The company has a market cap of $854.0 million and a price-to-earnings ratio of 38.17.

Radware last released its earnings data on Tuesday, May 1st. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.03. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Radware will post $0.44 EPS next quarter.

Radware Ltd. (Radware) 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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