Barclays Stick to Their Buy Rating for Radware Ltd
Investing.com
Published Nov 04, 2021 09:25PM ET
Barclays (LON:BARC) analyst Tavy Rosner maintained a Buy rating on Radware (NASDAQ:RDWR) Ltd on Wednesday, setting a price target of $42.5, which is approximately 20.67% above the present share price of $35.22.
Rosner expects Radware Ltd to post earnings per share (EPS) of $0.10 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Radware, with an average price target of $41.83.
The analysts price targets range from a high of $42.5 to a low of $41.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $69.67 million and a net profit of $4.9 million. The company's market cap is $1.6 billion.
According to TipRanks.com, Barclays analyst Tavy Rosner is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.4% and a 72.84% success rate.
Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. Its products include application and network security, and application delivery. The application and network security offers real-time network and application attack mitigation solution that protects the application infrastructure against network and application downtime, application vulnerability exploitation, malware spread, information theft, web service attacks, and web defacement. The application delivery is designed to simplify operations while ensuring business applications resilience and application service level agreement. The company was founded by Yehuda Zisapel and Roy Zisapel on May 16, 1996 and is headquartered in Tel Aviv, Israel.
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