Radware (NASDAQ:RDWR) Sets New 52-Week High – Should You Buy?

Radware Ltd. (NASDAQ:RDWR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.00 and last traded at $24.25, with a volume of 88649 shares changing hands. The stock had previously closed at $23.23.

Wall Street Analysts Forecast Growth

RDWR has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Friday, January 17th. Barclays upped their price target on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Trading Up 4.1 %

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -401.68 and a beta of 0.96. The firm’s 50-day moving average is $22.49 and its two-hundred day moving average is $22.29.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a negative net margin of 0.85% and a positive return on equity of 1.41%. On average, analysts predict that Radware Ltd. will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Radware

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDWR. Plato Investment Management Ltd purchased a new position in shares of Radware in the fourth quarter worth about $30,000. New Age Alpha Advisors LLC purchased a new position in Radware in the 4th quarter worth approximately $32,000. nVerses Capital LLC acquired a new position in shares of Radware during the 3rd quarter worth approximately $51,000. Quantbot Technologies LP acquired a new position in shares of Radware during the 4th quarter worth approximately $59,000. Finally, R Squared Ltd purchased a new stake in shares of Radware in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

About Radware

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.